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20 January 2025 | 3 replies
Quote from @Michael Overall: Good day, If an investor has 10 rentals and wanted to over time sell them and put the money tax free from a 1031 toward a large purchase is there a process to do that?
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6 February 2025 | 34 replies
@Ben CallahanRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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21 January 2025 | 4 replies
Most commercial lenders do not require any seasoning for that entity which means that you can create an LLC and use that entity to purchase the property immediately as long as you have the proper documents.
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4 February 2025 | 17 replies
To OP, it's not as scary as you think it is, this will be your first home purchase, you can purchase a multi family or SFR and house hack.
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6 February 2025 | 3 replies
Additionally, we have a decent amount invested in retirement accounts, which we plan to continue building over time.As part of the move, we’ll be purchasing a larger home.
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21 January 2025 | 1 reply
Did you purchase this property all cash?
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29 January 2025 | 11 replies
You also will want to stick to on market properties at first because the purchase process and evaluation process (namely title and inspections) will be more defined.
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4 February 2025 | 6 replies
If you would like to generate your own leads, I would pop over to the the wholesale section of the forum and start there, and perhaps purchase some books from the BP store.
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28 January 2025 | 1 reply
Typically homes in-between tenants, or a new purchase with intent to have renters within 30 days this is allowed.
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20 January 2025 | 6 replies
(IF you purchased and lived in property asap, then rented it out, then returned to it it sell it years later - better plan.