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How heavily do you weigh previous sale prices when looking at a property in its current market? I guess you would need to look at the context of the sale and even then there may have been other things happening that y...
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Hello fellow investors: we are planning (for the first time) to sell 2 properties in the next 2 months, and mostly pay off other ones with it. My CPA said that the IRS will add the full sale price to our income to pro...
I was wondering, what happens if you purchase a home at a tax deed sale, the buyer doesn't redeem the property and you end up owning it and there is still a mortgage? I am assuming the original purchaser is still resp...
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So I'm working with a local non-profit to help them liquidate at least one, but probably 2 of 3 properties currently under a commercial umbrella mortgage held by a regional bank. They are looking to tidy up their affa...
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Hi I’m in the state of Maryland Someone is trying to give me full ownership and control on a property “that is not free and clear” but is scared to transfer it to my name because of the “due on sale clause” we do not...
I’m an investor new to Sheriff’s Auctions here in Washington State and have some questions about the Redemption period and what the successful bidder can do with the property.The property I’m looking at is not occupie...
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What is the general consensus? I have a property with a very low initial basis compared to what it will sell for. If I sell, I feel the best situation is a 10-31 exchange. During my initial cursory views of '...
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Hello,I've lived in a home for 20 years (it's a 50 year old, 1200 sq ft modular home that has very dated decor, drop ceiling, and in fair condition) and it's currently listed for sale. It's paid off. I have an offer f...
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This is getting super frustrating and getting expensive. I just sold a home and another is under contraction to sell. Both times the lenders are pushing well beyond the closing date. First one was suppose to close in ...
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Purchase Price: $39,000Buying Costs: $1,000Selling Costs: $10,400 (Incl. commission, buyer's closing & warranty)Rehab & Holding Costs: $24,400Sale Price: $101,500Profit: $26,700Holding Time: 112 days cl...