Account Closed
Owner Financed Deal- Worth It? And Other Q's
The numbers:
2 bed 1 bath in a 4 unit building
Asking price: 90k
Taxes:~4k
Monthly Assessment:$50
Can be rented for: $1000 a month
This will be the first deal I would be doing as an owner financed deal- actually this...
Jason Green
Can the bank short sell to me??
I am a builder and I have one house left in inventory. I have been paying the construction note for 3 years. My uncle is now renting the house but due to a tax lien, the plan of him buying in a short sale has fallen t...
Ken Su
Finding out what the bank paid for a REO property
I am currently looking at purchasing a REO property. I was wondering if there was a way to find out what the bank paid for the property, so that I will have an additional reference to base my offer upon?
Tony Gatto
Need tips to buy a house and assume the mortage
Hey guys ... I am making an offer on a house that i will fix and flip.
However i am not 100% sure on how to go about the deal i want to structure and am looking for some advise.
Here is what i think i k...
Ashley Marrazzo
Purchasing a rental property, bank won’t grant loan due to income
Hey everyone! My name is Ashley and I am a first time home buyer. I am looking to purchase a duplex or triplex. But they told me no! I refuse to hear that as an answer! I was Approved for an 800k loan at 3.5%. I have ...
Noah McBride
Funding a fourplex without ruining the deal
A quick little background about myself. I recently turned 20 years old and gave up baseball about six months ago to work full time while going to school full time. I am a math major so numbers have always been my stre...
Aubrey P.
Biden Executive Order
As a landlord, who relies on credit scores and other pertinent information to vet renters, I’m concerned about Biden’s latest Executive Order. He’s looking to try to ensure racial equity by a change in how credit repo...
Dave Mustaine
Tenant Choice
This is a hypothetical question based on a decision I will likely need to make. If you had to chose and approve one of these tenants, which one would it be?Assume both renters have the same amount of income, assets, ...
Karen Margrave
SKIN IN THE GAME
If you were just starting out, and didn't have enough money for a down payment, how would you get a deal going?
I know many of you are cash buyers in lower priced markets. However; if you do finance your de...
Philip Sriployrung
Bonus Depreciation - Schedule E vs C
Hi everyone,I'm using a FreeTaxUSA to file my taxes. I currently own one rental SFR, purchased May of 2018. I did an online cost segregation study through KBKG. I was able to break out my depreciation based on the 5/1...