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22 August 2018 | 19 replies
There are a lot of good options out there.For general info, and to semi piggyback on what Chris says-https://www.biggerpockets.com/renewsblog/2015/12/2...It's an old article, and the markets have changed since then, but the same idea still applies.I've primarily always bought turnkeys and am involved in a lot of markets.
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25 August 2018 | 7 replies
Transfer taxes are based on the sale price, so those would be the same either way.Lender fees on conventional loans (typically around $1000) can typically be priced in to the rate, so that wouldn't necessarily add additional fees out of pocket.I would recommend getting an outline of closing costs for the blanket loan to see what's involved - not just lender fees but all costs associated with the transaction.
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7 January 2022 | 10 replies
Much better to be more involved and do your own bookings (and pay your own bills).
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28 August 2018 | 9 replies
The first method does involve some gray area involving legality.
10 August 2018 | 1 reply
I have about 50k in the bank and can also get family involved in the venture.
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10 August 2018 | 1 reply
Wanting to reach out to see if anyone wants to get involved in being a KP in a multifamily real estate deal in Texas.
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10 August 2018 | 0 replies
Much of the mortgage industry is confused by the news and wonders why they would want to get involved in this space.
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11 August 2018 | 3 replies
Just looking to network with others who are involved in all facets of real estate in RI.
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11 August 2018 | 10 replies
I bought two distressed properties in the past, and I frankly hated the experience and work involved.
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11 August 2018 | 2 replies
@Davina KraegerA 1031 exchange is a great way to defer tax to another day and ultimately skip paying it all together.There are many rules involving 1031 exchanges - however the 2 main dates to remember are 45 and 180You must identify the property that you will purchase within 45 daysYou must close on the property within 180 daysThe sale must be done with the use of a 1031 intermediary.