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I am closing on my first investment property soon and was hoping to get some insight regarding the following question. I am fully aware that I will be getting the deposit from the current landlord at closing.If you p...
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Hello,
My wife and I recently bought a single family we are moving into and I have my current townhouse listed for sale by owner but am also considering Renting or Rent to Own. I'd prefer to sell it so we can reinves...
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How long do I have to own a property before I sell it and the proceeds are subject to capital gains taxes vs. ordinary income? I believe it's one year.. but is that a calendar year (i.e. 1/1 - 12/31) or just 365 days?...
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All – Getting ready to (hopefully) purchase my first rental property. Found it on a listing site so it would not be through a realtor. Person is asking around 70% of the value, at my initial look there’s some work tha...
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First off, sorry to all who had to read my past whiny posts about my property in Warren, MI. This is a reason why you let emotions temper down before opening your mouth or typing on a public forum. Here it goes. I hav...
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Would a wholesaler in New York need both a real estate attorney and a title company to perform transactions? If I pay a real estate attorney a one time fee to write up contracts, can I deal directly with a title co...
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I have been talking to homeowners who are selling rehabs, properties in distress, or properties they just want to get rid of at least 3-4 a day now. I ask the same question to each and every potential seller I encount...
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Hi,I purchased a old home under FHA 203K and it was approved but I found out that the whole siding is wrapped in asbestos shingles and that the Radon level in the basement is 30 psi which makes it only 10 psi on the 1...
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I am trying to figure out how to structure a deal with a family member and was wondering if anyone would have advice for me. My uncle wants to invest in real estate with me and has a lot of cash. He is willing to...
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Anybody else have this happen? I bought a rental in my name, then transferred title from my name into my LLC and also changed the name on the insurance to my LLC. I received a letter from Chase saying "the name on the...