#118: Ask Paula – How Do I Buy a Foreclosure? – and Other Real Estate Questions
Questions — I get questions! Today, I’m tackling four queries about real estate investing that come from the audience. Here are the details:
Sam says:
I work full-time and I’m not handy, so I definitely need a property manager. I’ve found an amazing property management company, but they only serve a small, specific neighborhood. Should I buy a property in this neighborhood so that I can use this fantastic property management company?
Terri asks:
I’ve heard that if you’re above a certain income level, you’re unable to carry-over losses from your income property. My accountant says it doesn’t make sense to buy a rental property if you can’t carry-over losses. Is this true?
Anonymous asks:
I’d like to buy my first rental property when I’m in graduate school. I’ll live in one room and rent out the other. What should I consider?
Noelle says:
We’d like to sell our home, and use the proceeds to pay cash for a foreclosure in the South. How do we find a foreclosure or short sale?
We cover these questions in today’s episode. Enjoy!
P.S. Need software to manage your rental properties? Collect applications, screen tenants, and collect rent online with Cozy.co/Paula.
Resources Mentioned:
- Every Landlord’s Tax Deduction Guide, by Stephen Fishman
- National Association of Realtors
- How to Start a Blog in 5 Minutes
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