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5 June 2024 | 29 replies
We have fixed mortgages that can be amortized for 30 years, but typically can only lock them in for 5 years maximum.
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3 June 2024 | 6 replies
We've always been interested in investment properties and have been following BiggerPockets for many years now but never pulled the trigger.
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3 June 2024 | 2 replies
I feel like I’m in a good place, but I have over $900k locked up in equity.
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5 June 2024 | 28 replies
Or are you an introvert like to lock yourself in an office and review documents all day?
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3 June 2024 | 2 replies
That conversion will not trigger any tax.Unfortunately we can no longer eliminate all of the tax simply by converting to a new primary and living there.
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4 June 2024 | 5 replies
Operating through an LLC can certainly provide some protection, but many mortgage companies include a "due on sale" clause in their contracts, which means transferring the property could technically trigger the need to pay off the mortgage.
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3 June 2024 | 16 replies
And it is only like 20 bucks/year like others mentioned so unless you plan on being locked in analysis paralysis for a year you will not even save that much...YES if you are buying turn key and plan on using property manager for everything.
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4 June 2024 | 6 replies
Just finished my major in Business Management and am receiving my Management and Supervision certificate this summer.I've been studying real estate for a few years now, have watched tons of videos, calculated and ran numbers on numerous properties and listings, and talked with many lenders and real estate agents, but because I don't have anyone in my circle that's well-experienced in REI's I've hesitated to pull the trigger on anything.I'm looking to fix and flip, BRRR, LTR, MTR, STR, or multi-family.
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3 June 2024 | 6 replies
Can I include this to above statement in their leases or anything that would be giving me a right to simply throw their stuff or them out by changing the lock key codes and never have to worry about anything else?
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5 June 2024 | 116 replies
Had you not locked up the 250k, you would not need cashflow to get you by in this situation.