David Haynes
1031 Exchange Problems Amid COVID
I see three forces complicating things for many buy-and-holders using the 1031 exchange: 1) COVID is causing many to diversify their holdings to mitigate potential losses. In other words, their need to use the 1031 ex...
Marc Appel
Owning Rental properties with multiple mortgages.
I am going to get right to it. Here is my scenario. Let me know how this adds up or any advice you may have. I am sure someone in the community can tear this apart or let me know if this makes any sense. Thanks for yo...
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Trying to arrange my first deal..here is the proposal!
Okay, so I found this vacant property that I really want to purchase as my first investment property. I contacted the owner of the place to talk to her about selling - she said she wasn't interested, and planned on re...
Christine Smith
First Out of State Investment - All Cash Purchase in the Midwest - Good Strategy?
Hi all!
My husband and I are looking to buy our first ever real estate investment out of state (we live and rent in NYC. we do not want to buy here due to high cost of properties and high tax rates). I'm looking for ...
Oliver Li
Numbers seem to indicate immediate cash flow in Racine, WI?
Is there something I'm missing? There are already 2 tenants in place paying $1150 per month: https://www.biggerpockets.com/...Anything give you pause from making a deal like this? Thanks!
Richard Miller
New 4 plex paid off in 7 years?
It’s been a few years since I have seen this subject discussed so here goes. I am contemplating building a 4,200 square foot 4 plex on a $50,000 piece of property in North Texas. If I can build it for $75 a square fo...
Samantha Baker
Assumable loan at 5.5% 13k to get into it. cash flow of 150
Hello, I just want to make sure that I am not missing anything that I am not aware of prior to buy this home. 320k buy price Seller owes 307k on the loanAssumable loan at 5.5%I would pay 13k for the equity in the home...
Bruce W.
Does President Trump's new tax plan threaten 1031 exchanges?
There have been many rumors from various sources recently about limiting the 1031 tax-deferred exchange. Now we see that the President wants to eliminate all tax deductions, except for mortgage interest and charitable...
Carolyn Hancock
Best way for my son to buy my house & I rent from him.
My son wants to buy my house from me & I will rent from him. This way I can retire & move back home, as I had to relocate for work.He would owe about $44,000. What is the best way to go about the sale, an atto...
Amanda Scully
Calculator Questions: Estimating in NJ
I have some questions about what to enter into the calculator specifically when estimating costs in New Jersey. I'm looking to do a flip and I'm wondering what I enter into the calculator for: -purchase closing costs ...