Practical guides on finding deals, finding buyers, and closing your first wholesale assignment.
Deed restrictions are private rules, recorded in a deed, plat or subdivision declaration, that limit how a property can be used or built on, and they bind every later owner even when zoning would allow more. Here’s how to find them and how they change your exit.
Depreciation recapture is the tax you pay when you sell a rental for more than its depreciated value: the IRS takes back part of the depreciation deductions you claimed while you owned it. On a residential rental, the building’s share is taxed at a maximum 25% federal rate.
The Colorado foreclosure process is nonjudicial for most home loans: the public trustee records a notice of election and demand, a court holds a short Rule 120 hearing, and the sale happens 110 to 125 days later. Here is each step, the recent law changes, and the equity purchaser rules investors must follow.
A deficiency judgment is a court order making a borrower personally liable for the part of a mortgage debt that a foreclosure sale, or a lender-approved short sale, failed to pay off. Whether a lender can get one depends on the state, the loan, and the foreclosure method.
A cash out refinance on an investment property replaces the rental’s mortgage with a larger loan and pays you the difference. Fannie Mae caps the new loan at 75% of value for one-unit rentals and 70% for two to four units.
The equity multiple in real estate is total cash distributions divided by total equity invested. It shows how many dollars came back per dollar put in, but not how long that took.
A property’s highest and best use is the reasonably probable use that produces the highest value, and it must pass four tests: legally permissible, physically possible, financially feasible, and maximally productive.
The New York foreclosure process is judicial: a 90-day notice, a lawsuit, a mandatory settlement conference, and a judgment before a referee auctions the home. It is one of the slowest in the country, and New York strictly regulates purchases from homeowners in foreclosure.
Buying a house with foundation problems can be a good investment when a structural engineer diagnoses the damage, the repair is priced into the offer, and the deal goes to a buyer who can pay cash or use a renovation loan.
Real estate PPC for investors means buying Google or Bing ads that appear when homeowners search phrases like sell my house fast, paying only when someone clicks. It produces some of the most motivated seller leads in the business, and some of the most expensive.