Mike Neyman
Where did all the good REO deals go?
Is it me or is it harder to find good REOs in the last couple months? I'm looking to buy a few properties to flip and have had a hard time lately. Seems like REOs became more expensive while the retail market stayed...
Raymond Richey
HOA is amending bylaws to prohibit rentals, how do I fight it
I have a property in a small neighborhood with an HOA. They announced the annual meeting with banning rentals on the agenda. I have owned this home since 2008, and lived in it from then to 2010. This is an "amature...
Mark Tanner
Tax Question With Big Impact
How can we apply real estate losses from prior years to offset current year non-real estate income? I assume we need "real estate professional" status, but 90% of CPAs I have talked to (all with real estate clients) s...
Craig J Eiland
LLC in California
We are getting ready to set up our LLC and are wondering if anyone from California has opened one in another state to get around the large yearly tax of $800 in our lovely state. We have been advised by an attorney to...
Victoria E.
"Subject to" how is it work?
Great Saturday everyone!
I have a seller that have small loan took out last year at 6.5% and I'm trying to buy the property "subject to" and remained balance give him in cash. I haven't done this before an...
Amanda Dallman
Self Directed IRA in Washington state?
Hi BP, The company I work for was just bought out and I have a chance to roll my 401K into a self directed IRA. Im looking for a host that offers IRAs that can hold real estate, rental properties and syndication. Is t...
John T.
VA loan 4-plex purchase/househack HELP
VA loan qualified. 3 years landlording (tax return) experience. Looking at a 4-plex to owner-occupy. Our DTI is too high, bank is saying the subject property is roughly 100K over our borrowing power. We have about...
Mark Ross
Picking a Self Directed IRA custodian
Having trouble pulling the trigger on who to roll over my 401(k) to, for a self-directed IRA, so that I can purchase another property. Since the big box investment companies and banks don’t do self-directed IRA when ...
Patrick Bunn
Using Retirement Accounts for REI
I just read The Book on Tax Strategies for the Savvy Real Estate Investor. It is a great book. And based on something I read in there I asked myself “how can I use my 401k to invest in real estate?”Setup:Toward the en...
Ron King
Agreements for Note buying/selling
Ok. I understand the concept and believe notes are for me. Can you tell me What agreements/contracts are needed to buy a note and sell a note?