Randel V.
Do the same strategies apply
4 September 2016 | 13 replies
Outside of a few major centres (Vancouver, Toronto, MTL, Calgary, etc) you do not have density to sustain a wholesaling business (if it is your only source of income);Mortgage arrears/delinquency - Mortgage arrears in Canada are historically far lower (<1%) than in the U.S.A. and delinquencies are less than half the amount of arrears.
Kevin Tran
Recommend an app for Contact Management
13 September 2016 | 3 replies
Some contact from 7-10 years ago are worth keeping but probably not accessed as often.
Matt Inouye
RE Held In S-Corp
2 September 2016 | 5 replies
I was looking to do a cash-out refi to take money out while locking in lower rates, but now that the properties are in the S-Corp, I am unable to transfer back into my name to refi without creating a taxable event.I am wondering if there are any strategies to moving these out in a tax advantaged way (I expect there will be some cost to doing so).Some strategies that have come up in other conversations are:1) Form LLC and issue a note to the S Corp with the properties as collateral... then if S Corp defaults on the note... the properties will be transferred with out triggering taxes (although cost basis would remain the same)2) Have appraiser apply discounted valuations on properties due to lack of marketability (I am only a 50% owner of the S-Corp).
Breean Reyes
New member from Montana
12 September 2016 | 6 replies
We are mostly interested in Buy and Hold Investments, with an emphasis on multi-family units, but we are also considering the occasional flip when the market is right I found the Bigger Pockets podcasts on YouTube and am hooked, I'm so excited to have access to such an awesome community, especially being a newbie!
Ryan Campbell
Newbie to BP in Denver market
2 September 2016 | 8 replies
The key will be using your marketing to locate deals that not everybody has access to.
Darius Moezinia
Refinancing of a newly closed 1031 exhange propery transaction
1 September 2016 | 1 reply
@Darius Moezinia Refinance right after the completion of a 1031 is perfectly acceptable and is a frequently used strategy when cash is desired by the exchangor who does not want to create a taxable boot situation by taking cash or be seen as inappropriately accessing profit by a refinance immediately before a sale that begins a 1031.
Lucia Mendoza
How to find owner of a clearly vacant home to buy?
7 September 2016 | 5 replies
You can probably access your local assesor's office online and get the info you need for free.
Kent Baltare
Owners open to sub-leasing in the South Bay Area.
10 September 2016 | 25 replies
And lower when there are job losses.
Simcha Davidman
Looking for my first deal
6 September 2016 | 24 replies
But otherwise I think it is a very good idea: if I do not come access my first deal soon, i am thinking to partner with someone and use wholesaler for my first deal.
Sharon Seiter
New to Small Multifamily in Columbus, Ohio
3 November 2016 | 18 replies
I'd recommend going big than going small (for you I'm guessing you are doing FHA or lower down payment as a hack).