Hello everyone. My name is Erick. I live south of Detroit and I’m ready to start my adventure in real estate investing. I purchased my first home 17 years ago and lost my butt on it. So I’m hoping to sell it soon and ...

Hi,
We purchased a house 4 years ago and financed it with a private mortgage. The private mortgage is with a family member and was for 100% of the purchase price. We were looking at refinancing the loan with a bank, ...

I thought about an alternative title for this post such as "You're in over your head and don't even know it".  This post is directed at newbies or "newer" landlords or "accidental" landlords.  I classify myself in the...

My wife and I successfully executed a 1031 (A) by selling one rental property in CA and buying two in VA two years ago.  These two properties each required mortgages to be taken.  A recent death in the family now forc...

I entered into a short sale contract June 3, 2016.  The bank has taken a long time to approve and now they say we need to close in 3 weeks.  The seller is now concerned that he may have income tax liability on the amo...

View report*This link comes directly from our calculators, based on information input by the member who posted.I just want to be sure that my expenses look correct and not crazy high or crazy low. Tha...

I've run into some confusion at the last moment with my 1031 exchange and was hoping to get lucky and catch someone who knows the right answer.In short, I've got a settlement statement for an occupied multifamily prop...

Hello All, I have been using SDIRA and SOLO401Ks for some time and understand when *I* have to pay taxes related to borrowing money. Where I have a questions now is that I have a potential 'investor' who might be inte...

My family of six plus our live-in nanny are looking to relocate back to NYC and we're interested in buying a 3-4 family home in Brooklyn and living in one of the units. For personal and logistical reasons (i.e. work, ...

Hi,My husband and I have a long hours occupation while on mid thirties and have no investments yet. About one year ago I discovered bigger pockets and ever since have been listening to their podcasts. About one month ...