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

#118: 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! _____ Resources Mentioned: Amazon - nolo every landlord's tax deduction guide https://www.nar.realtor/rofindrealtor.nsf/pages/fs_sfrspec?OpenDocument Learn more about your ad choices. Visit podcastchoices.com/adchoices