Brian Suite
South Seattle Fix and Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $308,000
Cash invested: $17,000
Sale price: $370,000
Purchased a 1,500 sf home in South Seattle with an investo...
Edward Mitchell
Tax Assessor Site
I am looking on the tax assessor site and I am confused as to what this information means such as APPRAISED VALUES:Land, Improvements, TotalASSESSED VALUELand, Improvements, TotalI hope you can see the picture below. ...
David McClain
Should I have an agent write up a for sale by owner?
When buying from a house "for sale by owner" should I use an agent to write the deal? The home is being sold to me well below appraisal. Will I miss anything from not having an agent write it up? This is only my sec...
Bethany Turon
First Flip - Tobacco Trashed Home into Cute Mid-Century Modern
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $100,000
Cash invested: $26,000
Sale price: $165,500
This was my first flip. Purchased as a Short Sale and was...
Derek Bunyard
Paying off a line of credit at closing – what are the tax consequ
Hello BP community,
What are the tax consequences of paying off a line of credit that was used to purchase another real estate property?
Here’s an example of what I’m hoping the BP community can help me answer:
...
Itay Binyamin
Title company for wholesaling FLORIDA
Hi everyone, I have a quick question in regards to title company’s while wholesaling.
If I target a home and agree on a price with the homeowner, and we have a signed PURCHASE & SALE agreement between him and I,...
Loletha Green
Quick draw
I'm new at this and I've attended a great investor seminar and real estate school, I am certain this is my niche. My question is, I am in a tough situation and wanted to start short sale and Reo investing with no mone...
Rik Patel
Asset Protection - LLC or no LLC?
Hi all!
I live in Florida, however, just closed on a duplex in Ohio. The duplex right now is under my personal name. I want to transfer it to an LLC but it will trigger the due-on-sale clause. I'm reading that we ...
Account Closed
Where does a Real Estate Agent get their leads from?
I'm not an agent but have a friend who is having trouble getting leads. What are you guys all doing, are you getting them through paid traffic to a website? Through flyers? Is there some service that provides the ...
Michael Klaus
property repairs during shortsale
Hi!I am pretty new to this, so sorry for silly questions. I am waiting for an approval from bank to purchase a shortsale. We know that the property will need some repairs, I hope, not huge though. We didn't have a pro...