Account Closed
My First flip- Finally under contract
Hello everyone, I'm finally under contract, the property is in Glenwood,IL. I've been waiting for this moment for +1 years. I'm very excited and scared, I haven't even closed yet and I have a hard time sleeping some n...
Andrew Atakpo
Southern California Investing or Out of State Investing
Hi Everyone!My wife and I are newly married and have been doing our research and are about to get into real estate investing.We however have become torn between whether we should buy something here close to where we l...
David Beard
Improving the Odds of a Successful Short Sale Offer
I have a prop mgr/agent who assists me in purchasing properties. She sort of frowns on the unapproved short sale listings, no doubt since they take a lot of work with highly uncertain outcome. I sent her a note today ...
Tim Ward
military - buying in the hopes of renting later
hello all, and let me start by saying i know i am probably beating a dead horse here. i've read similar topics but would like a little more specific advice to help with that warm and fuzzy so thank you in advance for ...
Bill Bob
LLC vs TRUST vs Umbrella.....?????
Did some snooping, LOTS of info on LLC and Umbrella policies.....
Honestly still cant pick which one is the better (no one seems to agree), but recently was suggested to try a trust....
The lady mention her parents d...
Christopher Adkins
Land Trust
Hi Guys,I could really use some help on this one as I do not have a lot of experience with Land Trust.Here is the scenario from the owner:Or I can owner finance to a LLC or other entity, property stays in the land tru...
Mike Mitchell
Note Servicing Companies
Lately I find myself doing clerical duties making sure that I'm escrowing enough for taxes and insurance when I should be buying and selling notes and properties. I don't see much discussion on here about servicing o...
Jordan Moser
FHA loans in Brooklyn - Feasible?
I've been reading horror stories of buying an FHA multifamily property in Brooklyn and the burroughs around NYC. Everything from limited amount of properties available, to brokers and agents not wanting to deal with F...
Jack Clough
First Quadplex - Newport, DE
Last November, a partner and I purchased a quadplex in Newport, DE for 40k after negotiating directly with the owner who was way in over his head trying to rehab by himself (much more to that story...). This was a com...
Carolyn Morales
Tax strategy for paid off investment properties
What should we expect tax season if we paid off investment property this year, and how can we minimize the tax bill on the income of paid off rentals?