Corey Scott
Nonpreforming seller. Cloud Title?
I have a deal under contract. The seller originally told me it was $1800 behind on taxes. I offered $15k and an additional $2K to cover the tax lien. All was well in my world......Then the title search came back......
Kasper Rune Søgaard
How to calculate depreciation and tax burden
I am having some issues figuring out to calculate how depreciation affects my tax for a rental property. I have an example below. Is it correctly calculated correctly?
Example:
Purchase price: $1,500,000Rehab: $100,...
Billie Miller
Underwriting conditions on a flip...ugh.
Hello all,We're set to sell a townhouse flip within a week and the underwriter is making it difficult. We bought this property as a wholesale, it was a double closing. So public records show that the property was sold...
Tai Bhattad
Quit Claim Deed for Alabama Tax Certificate
For ALABAMA: Has investors with an Alabama tax certificate acquired a quit claim deed from property owner before it converted to a tax deed… and redeemed the property on your ‘own behalf’ before it converted to a tax ...
Jimmy C.
The Craziest Short Sale Deal I Have Ever Seen!
Ok, so we bought a deal from another investor. He gave us a great price, and we closed on it with our cash. My partner went to closing, and he had mentioned that it was a short sale being flipped to us. I didnt rea...
Michael Gonzalez
Buying an Underwater Property with Liens - Will They Transfer?
I am wondering if anyone has experience with something like this. The property is not a short sale. I got under contract and title reported the owner owes the state $556,000 in income and transient tax (the property i...
Konrad R.
Are there any real estate agents here that are familiar with arm lenth transactions?
Why would someone find the need to submit an arm's length transaction?It looks like a real estate agent purchased the home. Would that be a reason to file the arm's length affidavit with the court? A business that I c...
Patrick Rowe
Need Advice on this deal
I have opportunity to purchase a single family 3BR 1.5 BA 1610 Living area with a tenant already their paying $900 per month. The asking price is $65,000 for the property. I have a banker that will do a 100 percent fi...
Daniel Dietz
UDFI Taxes in SDIRA if Negative Cash Flow Each Year?
Hello All, I am hoping maybe @Dmitry Formichenko, @Brian Eastman or @Steven Hamilton II might be able to give their input here :-) I have been investing with my SDIRA for some time and grasp most of the concepts of th...
Angie W.
Need Advice for Selling Your Property Without an Agent
I have a SFR that I have owned for 3 years that is now vacant. I would like to try to find a cash investor or owner occupant who would be interested in buying it as we currently do not have the time to properly mar...