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Hello!I bought a four-plex in October with the VA loan, so up front costs were miserable. Everything has been going well so far so I am thinking about buying another property! However, from my preliminary research, th...
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My wife and I have just executed a 1031 exchange, however, all of the properties we purchased are currently listed in our own names. We'd like to get them in an LLC as soon as possible although the intermediary an...
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Hi all, I own and live in a duplex in Connecticut and the property was just approved for a third unit. I have bids for the work that are very reasonable and after construction I’ll still have at least 20% equity in th...
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This is a pretty basic question, but I'm just starting out.Is it okay to work with more than one real estate agent and lending company at the same time?
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How To Build A Powerful Credit Profile | PREI 150If you’re in need of a loan, it all begins with your credit report, which is composed of your credit profile as well as the numerical credit score. The report is what b...
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I did a fair amount of due diligence on some North Carolina based syndicators, fairly new to the business. Their first deal is going okay so far, but not great. I asked to speak to references, both on their prior deal...
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We are offering our first land contract property and are thinking of charging 8% interest. Does this seem high, low, or just right? We've had a couple of applicants say it's high, but applicants of course tend to sa...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Salem.
Purchase price: $503,000
Cash invested: $433,256
This property was originally a doctors office in a single family z...
Hello BP,
I am in the process of finishing a house and will profit 140K. I am considering a 1031 Exchange to purchase a 4plex or bigger. This house is completely paid off and in a C+ neighborhood. I really do not wan...
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I have been trying to read up on the 1031 exchange rules and haven't gotten a clear answer. I currently own a rental property (condo) with a decent equity. I was thinking of doing a 1031 exchange and buying a SFR that...