So, we bought a distressed home and rehabbed it, now about to rent. I understand the purchase and rehab cost have to be capitalized and minus land value, depreciated over 27.5 years.My question is one of the assignme...
Hey, First time post, we are just getting started, have been listening, reading, and analyzing properties. We found one on Craigs list, it is backed up by a MLS listing. It is a Duplex, in fairly rough shape, would ne...
1) In the real world can I buy a REO with the strict VA LOAN requirements 2) What do i need to do find REO's that will pass VA Minimum Property Requirements ( MPR )3) What steps do i need to do to ensure I do not end...
Hello!
I've been living in WA State for a year and have been learning my local market (I live about 45 min northwest of Tacoma on the Kitsap peninsula) while saving to buy my first property.The high home prices and h...
Is it possible to implement creative financing strategies (ex. lease options, subject to's, seller financing) when looking at a broker listed property. Or can these only be done when it is a FSBO?
So I currently have flip that is almost done but past profit point, I wanted to refinance to my name, to sell or rent. My question is , would I get taxed just for difference of loan and sale price, or would the money...
My real estate agent has been sending me listings for my first investment property. I haven't been interested in anything she has sent me, but I found an offer on Craigslist outside of town. It's for sale by owner, so...
Hi all, I've negotiated a deal through a third party to purchase a property that has been foreclosed upon by the tax lien holder. The Union County tax records show the deed was transferred in June 2014 to my Seller. ...
Hi, here's my question. If I buy a 4 unit multifamily property using a 1031 exchange for $2 mil then use my own cash to remodel it, then have it appraised for $2.5 mil. Can I then refinance the property and take some ...
I wanted to know if I lease my house for 24 months and collect $2400 how long would I need to hold the check before I could cash it. A friend says I need to put the check (nonrefundable) in a seprate bank account unti...