Michelle Pepe
1031 exchange of a condo
Hey guys! We have a property in costal NC and selling is just a death trap of taxes. I know and understand 1031 exchanges, but even after being an experienced realtor, I’ve never been involved in one. Can anyone more ...
Adam Hamilton
Investing in Detriot
I am looking for some feedback from anyone who has purchased in Detriot. I have done turnkeys in other states and I am looking to expand into the Detriot market. I also manage some SFR in my local market so I am not n...
Michael Greer
Seller proposed their financing terms. Am I wrong?
6 plex for sale. Asked a property owner if they would consider seller financing. They sent the following terms:7.5% interest rate, 7 years, 25% up front.I'm looking to lock in a cheap rate on an income producing prope...
Nathan Habben
Problems with seller financing
I want to buy a property using seller financing, (land contract, contract for deed or whatever you want to call it) but my main concern is wanting to be protected in case the seller quits paying his mortgage even thou...
Zack Williams
Foreclosed Homes ( Good or Bad Idea)
are foreclosed homes a good investment? and will lenders give a loan on foreclosed homes or do you need all cash?
Amy Lemaistre
Contractor failing to complete work and making costly mistakes
The contractor I hired to paint interior of home has left it incomplete. He also removed a whole house alarm system without telling me. He explained he had to in order to paint the home properly. He does not plan to r...
Kimberly M.
How long should due diligence period be?
When contracting for a multi-unit asset how long do you normally ask for a due diligence period? I realize this may depend on the number of units in each property but if anyone can provide a standard timeline breakdo...
Christian Licata
In need of some guidance
Hi, i'm 22 years old and looking to get started in real estate. Im trying to decide if flipping a home or buying a rental property is the best option for my first investment. I have a good amount in savings and I'm wi...
Phat Vi
Tax Reduction and Owner Financing
Hi All,I am learning about owner financing and one of the question I have right now is "how does the tax reduction works in the owner financing". A normal mortgage company mails a IRS Form 1098 on the interest we pay....
Jaime Botello
LLC
hello,I currently have two rental properties and I would like to set up an LLC to which I can transfer both properties via a quit claim deed. I have heard that in some cases the bank asks for the loan balance to be du...