I transferred 25k from my SEP IRA to a self directed IRA, read Lonnie's book and decided this was the best way to invest that money. Have many people on here used their IRA for this purpose, and if so, what advice c...
I am sure this will ultimately be "ask your local appraiser" but I wanted to get thoughts here if you think this would count as a 1 bedroom. The plan is that the space between the sleeping area and another living area...
I'm rehabbing a home that I plan to sell on owner finance. Of 5 note investors I've spoken to, 3 use drive by BPOs to determine As-Is value on the house (One has some internal process, and the final one wants an appra...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $325,000
Cash invested: $18,000
1st investment property bought using FHA loan.
What made you inter...
Hi all!I sold my investment property last week and am hoping to do a 1031 exchange. I've been looking for a while and haven't been able to find anything that makes sense within my budget, and the amount I'm preapprove...
I will be meeting with a seller of several rental properties. Her husband just passed away and she would like to sell 12 rental properties. I will be visiting with her to find out what she needs but I'm guessing she j...
I just signed up for cozy after reading recommendations in the BP forum and having the ceo and coo have input in some of the discussions was nice and made me feel comfortable using them. However as I signed up and di...
Hello Bigger Pockets:At the moment my father and I are looking at a 11 unit multifamily property that is very distressed. It's been abandoned for around 2 years, but it still has good bones. The property is in the sma...
Hi guys,
In order to qualify for a 1031 exchange,
1) how long is the property needs to be rented?
2) does the rental income need to be reported on taxes for a certain period of time ? (O sense it probably will b...
Hello BP People!I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. Units require at least a true 1 bed...