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TL;DR: We are good at long term rentals, but we want a beach house. Is that a bad idea?Background: My husband and I own a few (mostly local) long-term rentals that all have a positive cash flow. While I'm not finding ...
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Hi there! I'm new to BiggerPockets and I'm sure glad I found you guys. I'm Amelia. I'm almost 21 and real estate investment has been on my mind for years, since someone explained to me the concept of OPM.
On ...
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My client is looking for hard money. I am not very familiar with their processes. They want him to pay a $2k due diligence fee up front and pay for an appraisal of $5 up front with no guarantee of funding. Keep in min...
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I have gotten a lot of positive feedback from my first BRRRR and I am going to document my next project.BRRRR-2 is in Murray Hill. It is a nicer neighborhood than the first. This is a solid B neighborhood and is tre...
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Hello BP! My name is Mark and I live in beautiful Oklahoma City (GO Thunder!). Primarily a commercial property investor, but recently got into residential properties with 2 sfh rentals.I'm negotiating with an owner of...
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To anyone who might have experience with this,
Facts:
1. I have a fully executed contract to purchase a bank-owned commercial office condo for all cash, closing next Friday. (Roughly 2-week closing peri...
Hello!I'm coming up on a year of my first year working after college. I make close to 60k and am also living at home. When I move out (hopefully by this time next year), I'd like to purchase an owner-occupied duplex/t...
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I have two rental properties and a primary residence. My two rental properties my wife and I have on 15 year fixed mortgages and are about two years into it. They are in the Tampa market. They have a significant amoun...
If I can figure out how to post more pictures, I will. :)
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HiI want to move a property from my C-corp to my name. How to transfer deed? Any payments or consideration necessary from me to company? Any tax implications? What about depreciation and tax resulting from that (Will ...