Troy Welch
Real Estate inheritance with lien against previous owner
I have a question about inherited property which has a lien against it- from previous owner- and I have no idea how to resolve or where to start.First off, I have vague information but will try to explain it as best a...
Beka Shea
Rental to Flip Deal Advice
Here's the situation:Friend's dad, nearing retirement, owns the property next door to his house as a rental. He is losing money on it each year and owes back taxes. Current mortgage is $88k, $1280 PITI/month. 1 ten...
Joshua M.
Does the 50% rule apply for short term renting?
I am thinking of renting my current primary residence. I dont plan to hold it longer than 2 years so I am wondering if the 50% rule would apply?
Rachel Trimble
When to Rehab to Flip Vs. BRRRR
Scenario:70% ARV - repairs= purchase price70%($190k)- $80k = $30kPurchase price: $30kRepairs: $80kAll in: $110k of cash purchase plus repairs.Market rent for 3/1 in area: $1200To BRRRR you want the appraised value to ...
Ivan Meraz
Purchased new home (primary residence): What to do with my old home
I'm new to real estate investing and I have a situation that I need help with. I just bought a new house for me and my family but I didn't sell our old home. I do still have a mortgage on it but I didn't have to sel...
Tom Server
COOP HOA sold property to me, that they offically didnt own
Want your thoughts on this. So, I am in the middle of purchasing a co-op unit for a flip. The property is being sold as-is / cash only by the management/Hoa of the development. The original owner stopped paying the ta...
Ryan Field
Refi Cycle for Early Retirement
Since '13 I've been executing a plan to invest in appreciating properties and then 1031 those to cash flow properties for early retirement. Wondering if it's a feasible option to keep the appreciation properties and j...
Rob Perodeau
Tips for obtaining seller financing
So after reading books, frequenting bigger pockets forums, podcasts, webinars, and YouTube I feel like I am ready to buy my first sfr. I have found a really nice deal and the owner owns the property out right (owes no...
N/A N/A
Pre-forclosure help
I have a stepsister that I just found out is getting ready to loose her house to forclosure in May. I am not sure as to exact numbers yet but am thinking of birddogging this property to investors but have no dealings ...
Anne Grello
Keeping rental income separate
Newbie closing on my first property, how do I keep my rental income separate from my personal accounts if I don’t have an LLC and therefore can’t open a business account? Should I just open a separate checking account...