What is the concept of refinancing? Why would someone want to do it? What are the differences in the different types such as cash out refinancing, HELOC, and Home Equity Loan. I have heard of all these, but the conc...
Hello all! I'm 43 years old and have set myself up with a conservatively forecasted retirement income of 58K per year at 62 years old. As long as I continue to work at my current company until March 1st, 2019 when m...
I m debating whether it would make sense to build an ADU on the backyard of our current SFH property in South Bay Area (San Jose). Had a few questions: - I understand that mortgage interest, prop taxes, insurance, and...
Built our home a little over 2 years ago and planned on living here for many years but...Home sales in our neighborhood seem to be picking up and it's got us thinking about selling to try and make a quick profit. We h...
So this will actually be my first sale and Im not sure if I should do a 1031 or not, I purchased a SFH about a year and a half ago and after some remodelling its been rented since Oct. I purchased the property for 60k...
My Partner and I are just getting started in the investment part of Real Estate. We recently attended a free seminar by KeySpire's Scott Mcgillvray in Tampa Florida. We received a lot of good, basic information but, w...
Ok Gurus,
I think I found one.
It is a student housing condo 2 bed and 2 bath with large living area and less than 1 mile from University. It needs carpet cleaning, paint, and stacked washer dryer. i can buy used....
I am new to running commercial deals and when looking at cap rates and NOI the numbers don't quite make sense.
Example:
Asking price - $1.175m
Cap - 6.36%
NOI - $74,000
Its a 5 unit in Denver, Colorado. I can s...
Hello there! New member here. I wanted to get experienced opinions on our situation. My wife and I currently own a house in Royal Oak, Michigan (Metro Detroit). we have decent equity in the house as we bought it in 20...
I have a property that I want to sell and do a 1031 exchange into another property of lesser value. I want to confirm my understanding of the 1031 exchange rules are correct.Exchange property: Cost basis is $205k; Sa...