14 September 2025 | 13 replies
A true title search includes many things other than the land records like; judgements, municipal liens, federal liens, bankruptcy, estate search, divorce records etc.
13 September 2025 | 10 replies
Raising new funds from investors while also trying to file CH 11 bankruptcy?!?!?!??!!
16 September 2025 | 11 replies
Remember, they can always refer themselves😊Use one of the ideas below to trigger who they know that they could connect you with:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcPutting this in OVERDRIVECreate a spreadsheet (Excel or Google Sheet) listing everyone you can think of that would recognize your name or face.
8 September 2025 | 2 replies
Quote from @Mike Dymski: Ironic that the government creates the problem and then may declare it an emergency.
12 September 2025 | 49 replies
Santarelli allegedly purchased from a government auction from the bankruptcy trustee and relaunched online.
11 September 2025 | 3 replies
But in reality, many scheduled sales get canceled and many others are bid up and lost, so you’d spend a lot of time on properties you’ll never own.My approach is to focus research on the big issues that can seriously affect your investment, liens, bankruptcies, complicated title matters, or red flags that could blow up the deal.
16 September 2025 | 35 replies
So that's why flipping out of an LLC is a lot of tax, can be up to 40% depending what income tax bracket you are in.To avoid the 15% self-employment tax, you can file an S-Corp declaration with the IRS.
18 September 2025 | 55 replies
in detroit, our condo resale market is def a buyer's market. we're seeing "price-sticking" in sellers, where they basically are stuck on the prices they paid for their condos in 2020-2022. so these sellers are less willing to cut prices and negotiate with buyers. therefore, our condo resale market has long DOM and has very much slowed as buyers have less buying power. many owners are renting their condos instead of selling rn.however, on the new construction front (condo or sfh), those go very fast. still a seller's market for new builds. probably due to limited supply, so demand eats up every phase of development when they hit the market.there's demand for sub-$200k homes (lots of fha buyers), and we see closing costs concessions for buyers added on top of the list price, rather than eating into seller's net. so still a seller's market for that asset class.and it's a buyer's market for value-add, but i feel like prices were higher in q4 than i was expecting for value add sfh. so for sfh, our prices are still appreciating. we also had our first population growth in 2024 since detroit's bankruptcy, so that is helping sustain demand in our value-add and sfh market.
7 September 2025 | 2 replies
But with that said.Do an LLC with the Operating agreement spelling out everything.Death, divorce, mental capacity, took to long, won’t sell the property, who decides to sell, can’t refi outside the LLC, bankruptcy, cost overruns, your labor costs, 1st lien, 2nd lien positions, etc etc how can a deal get screwed up???
9 September 2025 | 15 replies
The only way to avoid this a nonrecourse loan.If you dont believe this, google the URLA/1003, look at the Declarations page (Section 5), and read through section 5b.