Donald DiBuono
Creative Finance Deal Need Advice!
9 January 2025 | 4 replies
Here are a couple of ways you could structure the deal:Lease Option with Seller Financing: You could lease the property with an option to buy later, allowing you to rehab it while giving the sellers time to find a 1031 replacement property.Seller Financing with Deferred Payment: Structure the seller financing with no immediate payments, allowing you to refinance once the property is appraised, and the sellers can complete the 1031 exchange when ready.Escrow Holdback: Transfer the deed into an escrow account, giving you control without immediate transfer, so the sellers can take their time with the 1031.Third-Party Facilitation: Use a qualified intermediary to hold funds and facilitate the 1031 exchange while you refinance.These options allow flexibility for both you and the sellers.
Account Closed
Courses that teach RE title searching process
4 January 2025 | 7 replies
Account Closed Thought of interning at a title company or attorney's office who ever handles it in your area?
Zach Howard
Class C: Personal loan for 200k, should I use it for multiple down payments, or...?
9 January 2025 | 44 replies
If you had 20 years of experience, great connections in the US, and knew your market in and out then I would say you could probably leverage at a higher rate and could probably manage that risk because you have substantially decreased all of the other risks.You should really study what happened in the US during the 80's when overleverage on real estate put a lot of people in a bad spot.
Henry Clark
Self Storage- Will they come? Market size?
1 February 2025 | 22 replies
Also, how do you factor or account for an area/town that experiences lots of seasonal tourism, compared to the town that does not?
Jonathan Greene
What Do You Think Of All Of The Reverse Trolling in the Forums?
6 January 2025 | 77 replies
.: Well, what do you think about people that make a slightly educational post then have one of their VA’s on a different Bigger pocket account ask a question about the services that the OP provides and the OP makes a layout of the services they offer?
Spencer Cornelia
$50k Loss on First Two Flips | Out of State Investing Gone Wrong
19 January 2025 | 9 replies
But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.
Matthew Samson
Primary Residence Sale -- $1.65mm appreciation -- How to Minimize Capital Gains?
30 January 2025 | 24 replies
Thank Account Closed!
Angelo Llamas
Taxes on a new rental
30 December 2024 | 6 replies
Like Jake Baker suggested, keep good records and have a dedicated bank account for your property, properly separating personal and business expenses.
Jeff G.
What are some warning signs that an area is slipping from C class to D class?
7 January 2025 | 19 replies
I'd hate for a temporary dip in the quality of the tenant pool to be giving my landlord "spidey sense" false alarms on account of taking an extra month or two to fill a unit.