My real estate agent told me that a buyer can cancel an executed contract within 5 business days of signings for any reasons. Is this true? Are there any exclusions?Reasons is because I was planning to give multiple o...
I am about to use money from my self-directed Roth IRA to help rehab a property being purchased by the LLC of which I am a member. I am talking with my CPA, but am puzzling out the best way to proceed so that I take t...
I have a relative who is looking to 1031 out of their first rental. I have been thinking of creating a new LLC that would they could “contribute” to as part of their 1031 and combine that with my investment $$ and in...
Hello BP,I have my first property under contract, it's a triplex that I will be securing through FHA financing. I am currently in the inspection period, and just had a showing and home inspector at the property yester...
Hi I recently came across a truck station gas station deal in the northeast, selling for about $2.5, revenue around $6.0, and cash flowing around $500k. Seller is claiming that they do over 2 million gallons a year. I...
It happened Friday. He walked away from his desk job. Our income properties have been giving us over $4,000/ mo income, after all expenses, since January. We knew we were close to our goal and wanted one more proper...
What do you think are reasonable rates and terms to charge private lenders I know. Giving them 1st position on a property where they will be lending no more than 70% of the ARV.
Dear allI am close to secure my first property (Canada) and currently discussing the mortgage details my banker. He strongly reccomends (for logical reasons) a mortgage insurance.1) What's your take about about it ?...