Lorenzo Swinton
Best plan of action if I have two paid off properties
5 October 2020 | 17 replies
@Lorenzo Swinton you could also consider selling them both and using the proceeds to scale up to a larger multi-family property using a 1031 exchange... or like others have said, find a lender that will do a cash out refi and use the proceeds to scale up.
Dor Sagi
Port Huron MI Rental Certificate
20 December 2022 | 2 replies
(Annually, bi-annually, when exchanging ownership, etc.)2.
Connor Heffler
LLC Location Question
10 January 2023 | 8 replies
Based on the specifics, you may need to create the LLC where you are doing business in or in a state different from where you reside or may have to register both where you do business in in addition to a foreign state (and not necessarily where you reside).
Zac Gronda
Flipping Property with Little Capital: A Step-by-Step for Agents
9 January 2023 | 0 replies
The buyer typically makes a down payment and pays a higher rent than the market rate, with a portion of the rent going towards the purchase price.Land contract: A land contract is a legally binding agreement in which the buyer agrees to make payments to the seller in exchange for the right to use and occupy the property.
Chris Seveney
We Are Gonna Find Out if Wholesaling Is Legal in MN...
5 January 2023 | 8 replies
A real estate broker is any person who, for another and for commission, fee, or other valuable consideration or with the intention or expectation of receiving the same directly or indirectly lists, sells, exchanges, buys or rents, manages, or offers or attempts to negotiate a sale, option, exchange, purchase or rental of an interest or estate in real estate, or advertises or holds out as engaged in these activities. 64.
William Coet
A Couple Of Basic 1031 Questions
9 January 2023 | 3 replies
The syndication would need to be structured as a tenant in common agreement or Delaware statutory trust to qualify as replacement property for a 1031 exchange.
Simon Stahl
Morris invest - any insights?
11 July 2019 | 414 replies
He was closing on a 60 deal transaction with a foreign investor that day--wow--I was pumped to see these places!
Sam Peterson
Real estate friendly 401k
9 January 2023 | 7 replies
What makes a self-directed IRA custodian different is that they are not purely connected to the public exchanges and limited to investing in stocks, bonds and funds, but rather have the staff training and paperwork to document the IRA's investment in the more individualized transactions that occur when investing in real estate, notes and other non-traditional assets.
Sharlana Anthony
Looking for a Real Estate Investing Coach
8 January 2023 | 9 replies
Before you pay anyone, go through all the free content on BiggerPockets and the web.I would also strongly suggest going to a few meetings at your local REIA and networking.Offer to add value in some capacity (bird-dogging, running errands, etc) for those with experience in exchange for them letting you tag along on a project.
David Ng
Enquiry on the Financing Options! Free to connect!
16 December 2022 | 3 replies
So any lenders or experts can share about the financing options on foreign nationals?