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In escrow on a short sale as the buyer. A $3,000 credit card lien came up in title report. The seller cannot afford to pay off that lien. As the buyer what options do I have?Would it not be in the 1st line holder's in...
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Acquiring three deals this month has been a well fought effort. Two of them financed conventionally at an 85% LTV and one that was acquired with a five year lease option. It has been great underwriting these deals and...
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I have 16 rental properties. I have one under contract now. My basis is $78k and my sale price is $190k. My carry-over passive losses are $147K from all the 16 properties. My MAGI is >$100K; so I am having carry-ov...
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Hi, my name is John and I'm a local from Flagstaff, Arizona! It's always been my goal to be financially stable and over the last year I've gotten really serious about investing in real estate. My plan is to invest in ...
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Hi All,The home we just purchased for a rental has a beautiful "hot tub room" made of cedar, sky lights, with a double door out to the deck. It came with a hot tub that is about 4 years old and works. My first thoug...
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My partner and I have flipped 6 houses in the past 4 years, so we do have some decent real estate knowledge. Because of the changes in the market, we have stepped back from flipping a the moment and are looking for o...
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Hello BP! After being fully “leased up” on my first multifamily property, I’m thinking about my next one. There’s two strategies that are running through my head. First: buy another multifamily property and FHA (or 5%...
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I am 18 years old and interested in getting into real estate as an investor. I'm wondering if it would be worth it to obtain licensing as a real estate agent. From an investing side, this would give me access to the M...
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Hi all, I'm doing a flip where the original owner converted the 2 garage into a bonus room and added a carport to compensate. The room is 324 sqft so it has the space to be converted into an ADU and no doubt would add...