Natalia Zhou
How to report foreign property sales to IRS
I have a foreign investment house and I sold it recently, how do I report the sale to IRS now? I don’t want to wait till Apr 2021 and pay a whole bunch of penalty for not withholding enough tax due to this capital gai...
Spencer Woodring
Investment property without permits
Hi All, I’m looking into an investment property where the current owner rents out the house by the room. After he bought the house, he added 2 bathrooms to make this more attractive to tenants. Unfortunately, He did n...
Savai Smith
I Want to Flip in North Carolina
Hello!What is the best method to go about seeking a legitimate private lender, to fund the purchase of a residential property/rehab, here in the Raleigh-Durham, NC area? Once I successfully sell this flip, I would us...
John Caviness
Auction property via email
I have a property we are looking at that the owner wants to take bids via email. They will take bids for a week then broadcast out the bids to give bidders a chance to make another offer. The property is in a great ...
Simon Kearns
Finally taken the advice of countless hours of podcasts!
So here goes nothing!I have been listening to the podcasts for the past year or so, and so it seems that might be a great place to get some help!I want to own a few houses that rent so that i can be financially secure...
Chris Mason
Feedback: Mortgage Application Idea
I (lender) recently switched firms to one that has a pretty nifty toolset that I did not previously have available to me.One of them is a system to track paperwork submitted and loan progress. I can set milestones and...
Justin Turner
Tax auction sales. WHATS THE CATCH?
Looking to buy a house cash from a auction in my county. But would I be able to sale it after or what? It can't just be as easy as buy for cash and that's it?
Any advice would be much appreciated.
Jack B.
Do you pool reserves for all your properties?
For example, I set aside a specific amount for each rental. Each year it comes out to about 7,500 in reserves to cover vacancy, maintenance, for each of a small handful of rentals (let's say 3). It's really rare I hav...
Steve Rogers
Questions about Home Equity Loans/HELOC and rental properties
HiI currently own (fully paid off) a 2 bedroom townhouse that, according to sources I've looked up, would be worth around 110K as I recently put 10K into the house to fix it up and get it in pristine condition. I liv...
Nicole Camarao
203K Loans - how much deposit is required?
Hello, I am interested in a 203K Loan for rehabbing but not sure of the deposit required?