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Results (10,000+)
Daniel Lehman 200K in 1031 money. What do you do?
19 January 2020 | 4 replies
@Daniel LehmanYou can potentially buy up to $1,000,000 in real estate if you get 80% loan to value mortgage.I would prolly aim for for a little less in total value so you have some funds as a rainy day fun and to also have a budget for repairs/improvements.I think it is a good idea to diversify your assets at this point in the market.I would like to see if you can get 2 3-4 unit properties in a B / B- / C+ class neighborhood.You instantly reduced some risk by transferring 2 units into 6-8 units.on a side-note, I really like San Diego.
Shefali Rai Investing in OOS RE Syndications - Key Criteria
15 June 2020 | 16 replies
Trusting the sponsor will be paramount to you sleeping at night, and I can't stress that enough.
Ryan Fisher New to Investing in Colorado Springs, CO
22 January 2020 | 7 replies
This will help you qualify for money enabling you to purchase a larger property.If you can reduce your cost of housing then house hacking is a win... especially in a high cost of living area.
Christian Albright Investing in Syracuse, NY, at a distance
22 January 2020 | 9 replies
Also, better properties in a B class neighborhood with B class tenants means less headaches and stress that keep you up at night when you’re hundreds of miles away.
Richard Updegrove Should I buy turnkey in long distance market before a BRRRR?
21 January 2020 | 4 replies
This will give you a chance to make sure you have the right property manager and realtor in place prior to adding the stress of managing a full rehab from a distance.
Miles Stanley Does replacing electrical/rewiring improve home value?
23 January 2020 | 33 replies
That gives you your tamper proof outlet, meets code and reduces shock hazard.
Gabriel Madrigal Newbie from Sacramento, CA
19 February 2020 | 25 replies
@Hayden W Gibson not at the moment, I’ve been looking at house hacking and reducing my overall debt.
Genesis Pacheco FHA LOAN AND BUYING FIRST MULTIFAMILY AS AN INVESTMENT
25 January 2020 | 5 replies
The first purchase usually reduces or eliminates your housing costs.
Llena Caldwell How do I use a 1031 exchange to get out of a SFH?
21 January 2020 | 2 replies
You may want to calculate the gain situation and think about reducing price a little to force a sale but offset that with tax savings and still come out ahead but get rid of the albatross.
Dan Deppen Who often have you had to make FPI claims?
21 January 2020 | 3 replies
I'm not considering reducing the amount of coverage I get and I have heard stories of homes burning down.