Last REO I purchased I offered, I think, 72k on an 89k listing with 90+ days on the market. My rational was something like 1) the listing agreement expired in a week or so, 2)original principal loaned was 76k in 2004...
What are some creative ways to search the MLS for potential seller finance deals? Any filters you recommend? Criteria you look for? Etc.I have access to the MLS and really want to take advantage of it to find deals an...
My partner and I are getting started with the arbitrage strategy to build up capital before we start buying property. We know that Airbnb offers insurance coverage, but are wondering if it is necessary or recommended ...
I'm curious to see how many people actually have enough deductions to not pay any income tax on their cashflow at the end of the year? If you own buy and hold properties, do you pay tax at the end of the year, or not?...
Hello,
I am looking into getting my real estate license, but I heard through the grapevine that all realtors are required to become brokers now, that you just can't get your real estate license to be just a realtor?...
Hi All, Am looking to purchase a condo and rent it out as long term investment. Looking for grade A neighborhoods in cities across US. Goal is to buy and hold long term in good neighborhoods that attract good qualit...
Got a question -- have a family member who is looking to purchase a rental from someone she knows, and is seeking to refinance her own home. Her lender is supplying terms for the rental property which... simply put I ...
Hey guys!
Do you use the county assessor's statement or the property insurance's replacement cost as your COST BASIS for the building/structure of your property?
According to property assessor, the cost basis of the s...
Hi everyone! OK, I have two SFR homes free and clear. I live in one, my grandmother and her caretaker live in the other. We have our eyes on a new home for me that has a guest house that would suit my grandmother pe...
Because the real estate market is so hot right now, we are looking in multiple markets for our first STR purchase - all of which are outside of our immediate area.Do you see any issues with us using a local (to us) le...