I made an offer on a house on the MLS. Through our realtors, the seller countered. I accepted the counter offer. My realtor let the seller’s realtor know I accepted. My realtor began working on the contract. Late in ...
When combining section 121 gain and 1031 exchange, can you take out the section 121 gain or does it have to be included in the cost of the replacement property?For example, relinquished property is sold for $800K with...
I've seen a lot of posts about people eager to start an RAL and wanted to share some of the costly lessons I have learned and hopefully you can realize it before embarking on these projects. I've noticed the usual pos...
All,After doing some research on becoming a real estate agent, getting feedback and taking the preliminary exam courses, I stumbled upon a troubling number. "80%-90% of new agents quit or fail within the 1st year." I ...
Hello All! Looking for some advice!!
My girlfriend and I are both 25 years old, we have a little over $45k saved up together, It’s been a dream of mine to invest into Real Estate. We want to get engaged and get marr...
Scenario: Contract buyer and seller enter into a Contract for Deed. Buyer immediately files Memo of Agreement in the situs county. All goes well for two years and Seller applies for loan. Mortgage Lender realiz...
Hi All,I have a bit of a situation here and would greatly appreciate any advice on how to proceed. I purchased a rental property back in Spring of this year and decided to replace the roof on it because it's quite obv...
I’m 19, I have 5k saved, credit built for nearly a year and I’m eager to get into the real estate business but I don’t know where to exactly start. I know people say to just jump in otherwise all the knowledge I’ve le...
I filed a claim with my insurance company for wind damage to the siding on one of my properties. At the last minute, I called a contractor to meet the adjustor at the property so they could inspect it together. The ...