As we are writing this post, it is early morning the week of March 20, 2023 – and tension is mounting. First Republic Bank is poised at an incredibly sensitive moment, Signature Bank has seen its branches absorbed by NYCB Flagstar Bank, Credit Suisse was just bought by its Swiss counterpart UBS….and who knows what’s …
Real estate investors, what happens if your lender goes bankrupt? Read More »
A lien waiver is like a magical piece of paper that says, “Don’t worry, I’ve been paid!” As a real estate investor, especially one who’s into fix and flip, obtaining a lien waiver is crucial to make sure that you’re protected from any future financial demands from those who have worked on your property. And …
Now that year-end is behind us, we’ve got taxes on our mind, specifically, the tax treatment of house flippers. “If you’re paying taxes, that means you’re making money” – so goes the old adage and it is true. But, while true, nobody wants to pay Uncle Sam more than they need to…and some clever tax-planning …
There is no such thing as a free lunch. If you are a fix and flipper planning to find a deal with enough juice to buy it, fix it, and flip it for a profit, you better buy it right. There may be no better way to score a below-market price on your fix and …
Foreclosures and Short Sales, What’s the Difference? Read More »
