John Thedford
Investor Bought At Aucion-Turns Out To Be 2nd--Wants To Quiet 1st
This is a local ordeal. Investor failed to have title run before bidding. They paid over 100K and then find out they bought the second. 1st hasn't been paid for over five years. They believe an attorney can do a quiet...
Bob Jaeger
Options pursuing FHA note foreclosure
Looking for strategies and creativity ideas on how to pursue an opportunity I found in my area that at the right price could be a good addition to my BRRRRRRR portfolio. The facts and challenges are-1) The house is li...
Sungyong Kim
To sell or not to sell my home in paradise
Hello BP!During my time on active duty in the military, I purchased a condo in Oahu, Hawaii using my VA loan. I have now left military service and my new work landed me in Northern Virginia. My condo is currently occu...
Christopher Smith
Denver market opinions - is it about to burst?
I am looking into purchasing a new home most likely out in the Green Valley Ranch area. We are pre-approved up to 275k and looking at houses in the 250-270k range. This will be our primary residence for at least the n...
William Fargason
First Rental Tenant Lease
Hello,Sorry in advance for the lengthy post. And, I acknowledge any advice given on this forum is not financial or legal advice. We are new to biggerpockets.com and have recently purchased a SFH rental a block away f...
Alan Brown
recaptured depreciation is killing me! accountant help
Hi I'm pretty sure I'm an idiot, but I'm getting slapped hard for it (again!)... I always thought that depreciating your property (and getting a tax write off for it) was permanent... So, a few years ago when I had a ...
Paul Haughton
How to resolve liability risk on uninsured rehab property prior to closing
I have a contract to buy a distressed single family house that I plan to rehab and sell. The house is vacant and uninhabitable as is. It sustained water damage from a broken pipe in the kitchen last winter. The insura...
Justin Kanipe
Anyone currently buying rentals in this market?
Just curious - are people still actively purchasing rental homes in the current market? Or are you guys holding onto your cash to see how COVID-19 plays out?
Rich Simpson
How to get out from underwater ethically?
I'm new here...Our house is underwater by more than $200k. There's no sign of it being anywhere near what we owe on it, let alone 20% over in order to refinance in 3 years. Yes, this was a 100% financed, 7 year lock...
James Davidson
401k withdraw & the Coronavirus
With the CARES Act and the ability to withdraw 100% of my 401k without penalty I am very close to pulling it out as a loan to myself. This way I essentially have 3 years to pay it back and when done it still grows. Wh...