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I've been working really hard to get my first wholesale deal done. I got to use spare time, because of a 65+ hour work week at a job and family. But hey! A guy can only do what he can do right!?
My phone rang yesterd...
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Hi BP,I have a potential motivated seller with home close to University of Houston.2 bedroom 1 bath 800 sfLot: 5000 sfTax Assessor: $55,652 1940sIts hard to pull comps as most homes are larger but the median price in...
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In the past 3 years I've flipped about 1 property per year in addition working my 9-5 job, I just received an audit from IRS saying that I have to pay an excessive amounts in taxes. I'm in need of a professional that ...
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Hello, I purchased a new rental property in July of 2017. There is a credit on my Closing Disclosure for "Tax Adjustment Unpaid by Seller". How does this credit effect the Property Cost Basis ( for Depreciation)?I've...
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Hello everyone. Question so since the federal tax dead lines have been push forward what does that represent for tax liens and tax deed sales?
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I'm currently in the process of wholesaling a deal that has back taxes of around 8,000. The property has been vacant for 4 years. The seller agreed to pay the back taxes if we close but I was wondering can I use the b...
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Example: All in costs on a house $60k, sell for $100k (10k down and $90k seller financed @ 10% for 30 years). I would like to know what taxes are owed and if they are immediate or paid as the monthly payments come in...
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Does anyone know if you have to pay documentary stamps on properties that you take "subject to" existing liens?
My attorney is advising me that I must pay doc stamps on the amount owed on the existing mortgages if a ...
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What are some ways things could be structured so as to motivate my seller to act more quickly on what needs to be done before she can legally sell?Here’s the rundown (I try to be detailed here because I’m hoping one o...
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Hi, I have a friend who purchased a house on seller finance terms. The original purchase price is $165503.44, 10% APR, $700 monthly payment. She started paying on 09/14/2017. Now she wants to get out of that contract ...