Chris Brackenbury
Long term capital gain avoidance without 1031?
Hi all,I am selling a ranch that was used as a rental held tenants in common and have very little basis since it was inherited long ago. I would like to reinvest all the proceeds (375k) into a local flip (owning secon...
Joe Luprete
Capital Gains Liabilities
If a raw land parcel was sold at a profit, with the seller owning this parcel for more than 1 year, with the seller being in a 15% tax bracket ( from regular job ), would there be a capital gains tax liability ? Selle...
Kim Miller
$125 Title Search Fee Upfront? Is this the norm?
Hi,
I tried to post this earlier, but I guess it didn't go through. I can't seem to find the post anywhere. So I hope this isn't a duplicate post.
But anyway, I spoke with a young lady today at an investor-friendly...
Account Closed
When an REO asks for a Bank Statement and you don't have the funds?
As a wholesaler in Miami, I am making a few offers and they are asking me for a bank statement, before we used proof of funds from our transnational funding source. There are a few ways to do this but I want to know ...
Shefali R.
in contract - can I list as rental and sign lease agmt now??
We are in contract on a unit and have explicit permission from seller to list it as a rental and show the property to prospective tenants before we have closed. Would love your thoughts on:1. Can we sign lease agreeme...
Rashad Brooks
Getting started with REOs
Hey BP,I wanted to start acquiring REOs to wholesale. Does Anybody have any advice for me dealing with REOs?I am new to this and I am all ears. Thanks in advance for the advice!I already have an attorney that does dry...
Tereal Wilsonn
Security deposit and last months rent
At the closing of an already rented property (duplex) of course the security deposit is transferred to the buyer does that mean the last months rent should've also been credited to the buyer ?
Jason Sung
Planning my first 1031 exchange
Hi BP community, I have a SFH that I lived as primary last year for one year. Recently, I moved out of the house and rented as MTR. It is my first MTR and the return on equity is not good (due to high property tax, in...
Bernadeau C.
What has been your experience with DSCR loans?
What has been your experience with DSCR loans, especially for 2-4 units?
I am planning on using one for the first time.
Joseph Hernandez
Blind HUD-1 Using a mortgage loan
Helly everyone. In California, can a wholesaler use a blind HUD-1 with the end buyer utilizing a mortgage loan? If not, how can I prevent the buyer from seeing my wholesale fee ( I don't want to do a double close). Th...