Judson Krosney
Opportunity Fund for 1031 Exchange
I have a property in Ft Lauderdale FL that is a STR. The price of the house has tripled. I am considering selling but do not want to pay the tax. I therefore considered doing a 1031 exchange yet the challenge is to...
Larry Fried
Assignment Fee - Deductible or Need to Be Capitalized
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...
Kyle Jacobson
Buying out a Mortgage?
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...
Edwin De leon
Buying REO or Foreclosure With VA LOAN... Questions?
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...
Brooke Singler
Auction Foreclosure with Basement MIL Unit
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...
Kevin K.
Back Taxes / Mortgage issues
I'm looking to schedule a viewing of a house that appears to be a pretty good deal. Asking 57,600 on it, 1700 sq ft, in an area that has similar houses going for 240k and up. Since I'm new to this industry, and being...
Rich Vogel
Experienced Landlord needs help in how to close this deal quick!!
Hi All, So this is my situation. I got an amazing deal on a 3 unit that can actually legally be turned into a 4 unit Purchase price 137k and it needs about 40k in work. Home run. We were two weeks away from closing an...
James Wheelock
Creative financing strategies
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?
Darshan Patel
Refinance from llc to personal, and sell, taxed much?
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...
Chelsey Hamill
Should I use my real estate agent?
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...