I have received a mortgage offer with the wording of covenants and default looking very harsh. Can you share you opinion on what you think about these? --------------
10. Borrower covenants and agrees with Lender tha...
My question is what are my options for capital gains taxes? I am going to sell a flip house and profIt about $30k. Do I roll this into a new flip house, purchase investment property or down payment on the purchase o...
Haven't seen this before: the prelim shows an active suit, borrower wants to cash out an investment property to pay the settlement. Some proceeds to the settlement, some proceeds to the borrower. A NonQM lender of min...
I might be missing something but when I do calculations for potential flips, such as 70/30. The numbers work, but when I take into account taxes I would have to pay on my gross profit (purchase price - sale price) it ...
The following examples of mortgage and real estate fraud investigations are written from public record documents on file in the court records in the judicial district in which the cases were prosecuted.
Defen...
The Small Business Administration (SBA) offers numerous, valuable opportunities for small business owners. The lending programs of the SBA give small businesses a chance to grow and thrive. Securing an SBA-backed loan...
in order to waive capital gain tax, i have to using the proceeds from selling my flip house within 180 days to buy another property.my question is, can I buy 2 or 3, whose total sum exceeds the proceed of the flipped ...
I have been offered an opportunity to invest a fixed amount in a proposed flip, in exchange for a 50/50 split of the net proceeds. I would like to use money from a self-directed IRA to do this. I would be 100% hands-o...
After I sold a flipping property ( single family residence), can I use the profit to purchase a rental property ? Is this qualify for 1031 exchange?
Second question, may I use the flipping profit to purchase a renta...
My business partner and I own a few investment properties under an LLC. We bought one last year, renovated it ourselves, and didn’t pay ourselves a dime for labor. The mortgage we took out covered the purchase price p...