Ask Paula - How Do I Buy a Foreclosure? - and Other Real Estate Questions

Published: Feb. 26, 2018, 8 a.m.

#118: Questions -- I get questions! Today, I\u2019m tackling four queries about real estate investing that come from the audience. Here are the details:\n Sam says: I work full-time and I\u2019m not handy, so I definitely need a property manager. I\u2019ve 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?\n Terri asks: I\u2019ve heard that if you\u2019re above a certain income level, you\u2019re unable to carry-over losses from your income property. My accountant says it doesn\u2019t make sense to buy a rental property if you can\u2019t carry-over losses. Is this true?\n Anonymous asks: I\u2019d like to buy my first rental property when I\u2019m in graduate school. I\u2019ll live in one room and rent out the other. What should I consider?\n Noelle says: We\u2019d 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?\n We cover these questions in today\u2019s episode. Enjoy!\n _____\n Resources Mentioned: Amazon - nolo every landlord's tax deduction guide https://www.nar.realtor/rofindrealtor.nsf/pages/fs_sfrspec?OpenDocument\nLearn more about your ad choices. Visit podcastchoices.com/adchoices