Jacob Tracy
Fixed rate mortgages?
7 August 2018 | 5 replies
it looks like that's exactly what I'll be doing. as long as there are no big events that happen in the next 5 years it shouldn't be a problem. however it is a bit of an extra risk and I don't love the idea.
Shiek Abdul-Hakeem
Looking to meet investors in Atlanta|Stone Mountain
3 August 2018 | 1 reply
Please look for the events under BP page. :)
Peedy R.
Condo conversion on multi-family that is joint mortgage financed?
8 August 2018 | 3 replies
As a TIC, there were clauses in our agreement about gaining approval for buyers in the event you have to sell.
Shawn Johnson
Serving Active duty and pursing get my RE License
7 August 2018 | 1 reply
I want to pursue a dream of becoming a license real estate Agent and to start learning how the industry works.
Tim Ball
Whats more lucrative: Owner Finance or Rent to Own?
7 August 2018 | 1 reply
The timing and events of income are dramatically different for these two options.
Eddie Quispe
One or two Commercial RE Brokers
26 December 2018 | 1 reply
I would try and find an office that has brokers for both asset classes; retail and office/industrial.
Elijah Upchurch
TX Multifamily Analyst Looking to Work, Partner, and LEARN!!!!!!!
9 August 2018 | 4 replies
I'm a student in my last year at Texas A&M University, and as you can see by my subject line, my current mission is to fight and scrap my way into the multifamily industry from the start.
Josue Godoy
Should I flip or rent?
7 August 2018 | 1 reply
@Josue Godoy This is a loaded question- If you are planning on being very specialized in a single area it would make sense to go one way or another...this is an oversimplification, but the point is to be diverse enough that you can process any type of deal...for example, really focus on an area you like well...like flipping, but learn how to hold properties as well, and whatever else you want to learn...as you grow, you'll be receiving many leads from different sources...and the point of this rationale is that you should have enough tools in your toolbelt to put your deals in a "best use" funnel...then profit on the other side.I'm only adopting this position because you are so young and have so much time in the industry to elect to pursue and specialize in one strategy.The simple answer is related to your goals...assuming you want passive income to replace your W2 means that you will need to buy and hold properties...similarly, if you start flipping properties, you're creating another job for yourself and creating a liability.
Abe Sampson
Questions About Home Sale Exclusion from Capital Gains Tax
7 August 2018 | 3 replies
@Abe SampsonYes, both must meet the use test.It's possible but you have to meet the requirements (job change, certain health-related events, or other unforeseeable events) - see Publication 523 for more info and search for the section titled "Does Your Home Qualify for a Partial Exclusion of Gain?".
Dave Nixon
Repurposing Schools, Churches, and Masonic Halls
7 August 2018 | 2 replies
@Dave Nixon Interesting you picked up on this...small town churches are dropping like flies...I manage large capital improvement projects on institutions...just keep in mind that you'll be working with a lot of different entities, including an architect/designer, engineer, industrial compliance...likely other entities from the government and/or municipality...lots of moving parts.You should be aware of Asbestos abatement and concerns like underground storage tanks...which are very common in all these buildings you are referencing...design and abatement fees may run hundreds of thousands of dollars before the project even starts...Not saying you can't pull it off, just be aware...good luck!