I’m trying to apply for your apprentice program but every time I click ‘Apply Now’ it gives me an error: 503 and to check WP Engine or the Status Portal.
Can you help me get past this obstacle and advise what I should do next to successfully apply to be your apprentice.
I have been following some of the online auctions and I have some questions I would love to get answers on.
1.- On a foreclosure type of auction, the final judgment is basically what the mortgage company is owed correct?
2.- I guess it is excellent when the “assessed value” is much higher than the final judgment right? Because that means that the property potentially worth more than what the banks is owed to?
3.- Is the “assessed value” the same as “market value”? or is the “market value” more related to comparable, zestimates, etc?
4.- Why some of the bids go way over the final judgment? Is it because the “market value” would still support some profits if it is higher?
5.- Why some of the plaintiff max bids are lower than the final judgment?
6.- Why would the plaintiff even bid on a property if basically they own it? (ie: plantiff being the bank)
7.- In a Tax Deed auction, do all starting bids start at the “opening bid” price?
8.- I know that a Tax Deed basically supersedes all other liens, but what about if there is a mortgage on the property? If I get the property via a tax deed, do I still have to pay for the remaining mortgage?
9.- What happens if there are other liens on a property obtained via a foreclosure action?
I am an Apostolic minister from Louisiana. I feel God has lead me to RealEstate Investing and I am studying to become a virtual wholesaler, due to my tech-savvy nature and limited surrounding market.
I am interested in mentorship, I prefer working with like-minded, God-fearing individuals.
Hello Phil,
My name is Sam I would love to know what is require to work 1 on 1 with you about real state Investment? we start a partnership to Invest in real state, but we still straggling to know a best legal entity for that and the best structure we can use.
Thank you!
Hi Phil-I have some experience in Commercial and Residential RE. It gets hard for me to focus on deals available to flip to end buyers. I am in a poor county in NJ currently. Also work with realtors on good MLS homes. Thank you for any suggestions and advice.
Hi Phil, I’m looking to purchase a home for my children and me to live in for approx two years, then keep as a rental. Would it be better to look at a 10yr mortgage with larger monthly payments or 15-20 with smaller payments, more interest overall, but leaves me more money in my pocket each month to entertain other investments?
My name is Jacob. I am so blessed and motivated by your videos that you put in youtube. I’ve been trying to learn and get in to real estate investing business. However, I will need mentor who can help me to start and give me great advise. Would you be considering to become my mentor? Would love to hear back from you. Thank you very much Phil. I greatly appreciated it.
Hi Phil, thanks for your very interesting blog. I have been a freelance artist for 20+ years, working as a sole proprietor. In 2018 I bought my first rental property. I’ve not yet put that into any other “entity.” (e.g. no LLC) Now doing my taxes, I have a simple question: Does my rental income (and expenses) simply get lumped into my income/expenses from the artwork freelancing (in Schedule C)? Or is it accounted for separately – on separate tax forms for a rental property? If I’m a sole proprietor artist with a rental property, could I still be considered an “active investor” even though my time spent managing the rental is not more than 50% of my time doing all my other work?
Hi Phil:
Have you had experience with a squatter or tenant or trespasser who would not leave or a guest in a separate property who over-stays and won’t leave claiming the house?
We are in the middle of this crap in Los Cabo, Mexico. Costly.
Hi Phil, I just watched your video. I’m still unsure of what to do. I have a rental property in my name (for 1 year- will file taxes for the first time for 2018 on it, so I scared of what taxes I may owe). Should I have the rental under a LLC and Passive rental income under another? .. but how do I do that? so confused……
I am under contract to flip a house under a C-corp, should I put the rental in that name once the flip is sold?
Creative real estate investing can be done wherever you are. Have you thought about working with a mentor to learn how? Consider making application to my Apprentice program….
I left out that I want to explore Dallas as far as investment in real estate.
What is your opinion on Dallas real estate market today
for buyers? My cash range $200k-250K
My incentives:
1. I might want to move there/live there.
2. The market seems to be HOT for buyers.
Nanette
Hey Phil, I live in Lebanon and I want to start investing in real estate, I am willing to travel to the US if it is required and learn from you in your apprentice program. What should I do now?
Feel free to ask Phil Pustejovsky a question in the comments section below.
Hello Phil,
I’m trying to apply for your apprentice program but every time I click ‘Apply Now’ it gives me an error: 503 and to check WP Engine or the Status Portal.
Can you help me get past this obstacle and advise what I should do next to successfully apply to be your apprentice.
Many Thanks & Best Regards,
Paul
Try this link!
I have been following some of the online auctions and I have some questions I would love to get answers on.
1.- On a foreclosure type of auction, the final judgment is basically what the mortgage company is owed correct?
2.- I guess it is excellent when the “assessed value” is much higher than the final judgment right? Because that means that the property potentially worth more than what the banks is owed to?
3.- Is the “assessed value” the same as “market value”? or is the “market value” more related to comparable, zestimates, etc?
4.- Why some of the bids go way over the final judgment? Is it because the “market value” would still support some profits if it is higher?
5.- Why some of the plaintiff max bids are lower than the final judgment?
6.- Why would the plaintiff even bid on a property if basically they own it? (ie: plantiff being the bank)
7.- In a Tax Deed auction, do all starting bids start at the “opening bid” price?
8.- I know that a Tax Deed basically supersedes all other liens, but what about if there is a mortgage on the property? If I get the property via a tax deed, do I still have to pay for the remaining mortgage?
9.- What happens if there are other liens on a property obtained via a foreclosure action?
It is clear you have an interest in learning more about real estate. Have you considered finding a mentor?
Phil,
I am an Apostolic minister from Louisiana. I feel God has lead me to RealEstate Investing and I am studying to become a virtual wholesaler, due to my tech-savvy nature and limited surrounding market.
I am interested in mentorship, I prefer working with like-minded, God-fearing individuals.
How do I get started under your direction?
Thank you and God bless,
Chuck Edwards
Make application to join our Apprentice program!
Hello Phil,
My name is Sam I would love to know what is require to work 1 on 1 with you about real state Investment? we start a partnership to Invest in real state, but we still straggling to know a best legal entity for that and the best structure we can use.
Thank you!
Consider making application to our Apprentice program. Given the right circumstances I personally coach some students.
Hi Phil-I have some experience in Commercial and Residential RE. It gets hard for me to focus on deals available to flip to end buyers. I am in a poor county in NJ currently. Also work with realtors on good MLS homes. Thank you for any suggestions and advice.
Not sure what your question is. Are you looking for a mentor?
Hi Phil, I’m looking to purchase a home for my children and me to live in for approx two years, then keep as a rental. Would it be better to look at a 10yr mortgage with larger monthly payments or 15-20 with smaller payments, more interest overall, but leaves me more money in my pocket each month to entertain other investments?
While interest rates remain low and money is so cheap take the smaller payments.
Hi Phil,
My name is Jacob. I am so blessed and motivated by your videos that you put in youtube. I’ve been trying to learn and get in to real estate investing business. However, I will need mentor who can help me to start and give me great advise. Would you be considering to become my mentor? Would love to hear back from you. Thank you very much Phil. I greatly appreciated it.
If you are coach-able and will do the hard work you might consider making application to our Apprentice Program.
Hi Phil, thanks for your very interesting blog. I have been a freelance artist for 20+ years, working as a sole proprietor. In 2018 I bought my first rental property. I’ve not yet put that into any other “entity.” (e.g. no LLC) Now doing my taxes, I have a simple question: Does my rental income (and expenses) simply get lumped into my income/expenses from the artwork freelancing (in Schedule C)? Or is it accounted for separately – on separate tax forms for a rental property? If I’m a sole proprietor artist with a rental property, could I still be considered an “active investor” even though my time spent managing the rental is not more than 50% of my time doing all my other work?
This is really a question for your CPA.
Hi Phil:
Have you had experience with a squatter or tenant or trespasser who would not leave or a guest in a separate property who over-stays and won’t leave claiming the house?
We are in the middle of this crap in Los Cabo, Mexico. Costly.
It can be very costly. Find yourself a very good eviction attorney.
Do you lend money to people? Some other investors online do.
I lend money to my students under the right circumstances.
Hi Phil, I just watched your video. I’m still unsure of what to do. I have a rental property in my name (for 1 year- will file taxes for the first time for 2018 on it, so I scared of what taxes I may owe). Should I have the rental under a LLC and Passive rental income under another? .. but how do I do that? so confused……
I am under contract to flip a house under a C-corp, should I put the rental in that name once the flip is sold?
Thank you in advance for your advice.
This is a great question for a qualified CPA; perhaps one that is also a real estate investor.
Hey Phil!
Love what you do..
I’m 18 and want to get into real estate investing, but I live in New York.. how can I start doing creative deal?
Should I contact out of state people or look for other who are motivated sellers around New York?
I also have a girlfriend going to the University of Florida, so maybe that could help..
Would love to hear back from you!
Thanks brother!
Creative real estate investing can be done wherever you are. Have you thought about working with a mentor to learn how? Consider making application to my Apprentice program….
I left out that I want to explore Dallas as far as investment in real estate.
What is your opinion on Dallas real estate market today
for buyers? My cash range $200k-250K
My incentives:
1. I might want to move there/live there.
2. The market seems to be HOT for buyers.
Nanette
Consider making application to my Apprentice program! We can talk about the Dallas market if you are accepted.
Hello Phil . . . thank you for telling your story, it has renewed my interest in real estate investing.
Hey Phil, I live in Lebanon and I want to start investing in real estate, I am willing to travel to the US if it is required and learn from you in your apprentice program. What should I do now?
Consider making application to our Apprentice program!