Ilia Zakharav
Convert 6 unit multifamily into condos and 1031 individual units
6 January 2025 | 1 reply
I bought 6 unit property in Wildwood,NJ,in November 2024, doing rehab now, should be done by May 2025I am planning to subdivide 6 unit building to 6 separate condos and sell fall 2026, , if there are any experts in 1031 that can help me?!
Alex Messner
Purchasing first home (with debt)
16 January 2025 | 10 replies
I would tell people today that if you buy a primary residence expect to stay in that home for atleast five years, especially with a FHA loan which has lower down payment as the current forecasts for home appreciation or very low which with closing costs on the buy and sell, it will take several years to have equity in the property and enough to be able to sell, so that is something also to consider.
Roman Balmakov
Should I Buy a Cashflowing Multi-Family That has Permit Issues?
17 January 2025 | 7 replies
It would be wise to rectify it before transfer of title so your starting off clean and hopefully won't have any issues when you go to sell down the road.
Ken M.
Pro Tip on Subject To - Subto
17 January 2025 | 4 replies
If you are considering buying using Subject To - Subto, it's important to know what your exit strategy is.Talk to a mortgage broker (not a bank) and ask if that is a property you will be able to get financing on in the event you have to refinance quickly, because the Due On Sale clause was called.AndTalk to a real estate agent about how much you would have to bring to closing in the event you had to sell quickly.
Jonathan Greene
Don't Become a Property Hoarder or a Door Counter
3 January 2025 | 40 replies
It's ok to sell properties.
Kayla M.
Looking for Guidance and Help to Get Out of a Baltimore Property
2 January 2025 | 53 replies
That protects you from having to sell to low.
Leon G.
Getting out of the rental business after 10 years
10 January 2025 | 67 replies
We've made some good money buying/selling cattle.
Mark Sullivan
Add to the Portfolio or Swap
5 January 2025 | 11 replies
The struggle comes when you plan to sell, pay close attention to how the bank would treat the loan in the event you would sell.Even though its a bit more work, banks are typically open to these loans as it provides them with additional collateral in the event of default.
Shiv Jey
Buying distressed LA properties after the fires
15 January 2025 | 1 reply
How do I go about finding those who'd rather just collect the insurance money then sell it off at a discount?
Benjamin Carver
Building an ADU in Raleigh NC: Here's What You Need to Know
6 January 2025 | 8 replies
My home went from a 2bed2bath to a 3bed3bath after building a 1bed1bath ADU. a 3bed3bath at 1800 ft in my neighborhood sells for 750-800.