Looking at making a cash offer on a property. How should I set up the timeline on the purchase offer? It should be able to move faster than if I had to obtain financing but want to make sure I have enough time to ge...
So excited to have my first property under contract! I posted a couple months ago about a duplex I was examining and decided to stick with a SFH in the Tacoma area. The property I found is a short sale and is in ban...
I just read in Han and Macfarlane's tax book that profits from flips get taxed as ordinary gains, not capital gains. What is defined as a flip? If we merely paint and cleanup and maybe replace carpets for less than $...
I am taking out an equity loan in my primary residence that I bought 3 months ago and put a ton of work into. I am using the equity on a down payment for a duplex. I was told that I have to wait 6 months to get an app...
Hello everybody!I have few questions about buying a house "subject to": the owner of the house is kind of under water so by buying subject to, I'll let the owner off the hook from the mortgage by paying it.However, I ...
I'd like to find a direct lender as to avoid the crazy broker fee's I'm seeing of 3%. Please refer me to someone that can lend on the following:
1) Refi 1.6M. If possible, add some cash, LTV of ~50%2) Income projecte...
Please help me with your creative skills guys!I tried this foreclosure deal with the usual 65% minus repairs (5% wholesale)But the numbers don't work. What else can be done with this?Seller is in foreclosure. 1 month...
Main point of the thread is about taxes for FY 2017. I bought my first flip house in September 2017. I am still working on it. Rehab should be completed by the end of this month.I know that once I sell it, I must repo...
I'm a beginner investor and I am considering buying a condo hotel studio on the beach to rent out short term, airbnb, daily, to pay for itself but also so I could stay in when visiting my daughter. The property also ...
Hi everyone,
In order to feel more comfortable before buying my first investment property I spend time crunching numbers and calling agents.
Today I came across a tiny condo, very well located around Miami Beach, ni...