Patrick McGowen
trustee sale question
Say there is a property up for trustee sale auction, being foreclosed on by the first mortgage company. The minimum bid is for the total of this first mortgage. The title search revealed two other liens. The title ...
Brad Long
Need advice on Owner-Financing
Hello everyone, I am considering putting this deal together and I was hoping someone could give me some advice. I've found a SFR for sale that is currently being used as a daycare. From the looks of it this daycare se...
Wade Funk
Commercial Property going to Auction...
Howdy all, I've found a commercial property that will be going to the County Auction in a few weeks. Ahead of that, is there anything I can do to try to buy it BEFORE that happens? It's what I've been looking for as...
Rob Saxelby
LLC and Mortgage
Hi all,I need some advice.I'm looking to purchase a long term rental in my home state of Arizona. I want to protect my assets and use an LLC. I keep getting conflicting information on whether you can put the LLC down ...
Nataly Valenzuela
Corporate Housing opportunity legit or not?
Hello! My husband and I just bought a second home - planning to rent the other. We’ve never done this before so we are learning as we go. We posted the rental and one of the inquiries I received was from a company ...
Scott C.
Creating a company: LLC or other alternative?
I have been investing in real estate for the last six months. Now that we are about acquire our third property, I think its time to formally create a company to operate the business under. I am confused on the bes...
Jeremiah O'Neill
Depreciation building value
Last year I converted my primary residence into a rental property. We purchased the home for $295k in 2006 and it lost value over the next few years, now at around $250k. Per the IRS, I need to use the $250k for de...
Annie Bollini
Any Experience with Carnegie Prosource Tax Liens Training?
Is anyone familiar with the Carnegie Prosource Tax Lien training? Has anyone taken their training/used their software? I went to the free seminar and paid $300 for the 3 day class next week. I have wanted to learn abo...
Ed Goble
Mortgage in my name but Property Title in LLC name?
Long story short. I got a Wyo LLC in order to have anonymity.I want to buy the houses in the name of the LLC and not my name. I have been told that is ok, even though the properties will be in another state and not ...
Matthew Hicks
Question on capital gains treatment
Hi everyone. I have a home that I purchased in 2010 for 25k. I'm just now renovating it and it will be finished in a month. If I sell it in 2013, will it qualify for short or long term capital gains? I've owned th...