Tinah Canda
Estoppel Agreements query
Hello, my name is Tinah from MA and a newbie. Is there a timeline for an estoppel agreement to be completed? I am supposed to close on a property in 20 days and have asked my agent to obtain this letter, his response ...
Jessica Pfann
Changing owners after a 1031 exchange
Hello,My husband and his sister inherited 42% of an investment property in California in 2008 and the other 52% last year. They are planning to sell it this year and I believe it will be subject to capital gains tax o...
Daniel Chun
How to Structure Subject-to Deal
Can someone provide guidance on how to structure a Subject-to deal?Looks like the seller put zero down (VA) when they bought the property. There is probably a little appreciation but not much. If the deal is accepted,...
Mike Fitzpatrick
Reserve Accounts
How much do you guys keep for reserves?
I am just starting out with a 4 family and a 3 family and am targeting to keep the following for EACH property:
Operating Account = 2 x monthly mortgage taxes an...
N/A N/A
Dealing in College
I would like to buy a small house when i transfer to my new college. EKU in the richmond kentucky area. Ill be 21 and im trying to save a down payment on a house no greater than $80,000. Then try and rent it out keppi...
Jon Mason
Could a former tenant in a foreclosed home file for bankruptcies
Could a former tenant in a foreclosed home file for bankruptcies stay after property is sold at auction but before the deed is transferred to the new owner? This would cause the new owner not to be able to evict until...
Meleq Israel
Capital gains
Hello guys.I have a question. I am wondering if I do a Master Lease Option on a property,what date is the effective date as it relates to determining capital gains. If I decide to buy and later sell the property;date ...
Osiris Estrada
Difference between Realquest Pro & Express
Does anyone know what the difference between RealQuest Professional and RealQuest Express is? I want to run comps off of it and was wondering if anyone has signed up for either program. The Express programs pricing is...
Katrina E.
Resolution to conduct all sales and purchases .....
What is the simple way to fill out a resolution adopted by LLC member?
Idan Shkedy
Selling house without an LLC bank account
Hello!We are 2 partners in the LLC and we selling our property in Ohio. We don't have an LLC bank account, but each one of us having a privet account.The title company said that they can transfer the money only under ...