Craig Fitzsimmons
A Few 1031 Questions
Can someone please remind me...I can use 1031 proceeds from one property to acquire 3 new properties? Can any of those new properties have a purchase price less than the property of which the proceeds are from? For ex...
Jameson Cunningham
First property in the Southside of Savannah
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $105,000
Cash invested: $15,000
Our first property was a live in flip that served as our residence for 3 years unti...
Randy H.
Help!!! What do I or should I do?
Wow! Where do I start? My minor kids live in a rented home in FL with their mother, and my ex. The landlord suffered two heart attacks, and hasn't been able to work himself. The home just went into foreclosure. M...
Al Skerrett
Can you do a 1031 Exchange for an auction property?
Can you do a 1031 Exchange for an auction property? Has anyone done a 1031 exchange at a foreclosure auction or any other type of auction? In most counties in my area you have until 5pm the day of the sale to pay for ...
Sabrina Sargent
[Calc Review] Help me analyze this deal
My husband and I will be living in on the the 3 units temporarily. Our current rent monthly is $2,400 so paying $722 out of pocket for living there till we get more property's saves us $1,678 monthly ($20,136 annually...
Gilles D.
Leveraging paid off properties
Hello BP Fam!
I currently have 3 rental properties, all SFH. In total I’m looking at about 2M USD in equity.
The properties do not have a mortgage on them.
I am an international investor therefore I do not qual...
Maria A A.
URGENT1031 Exchange ques.does OH forbid CA LLC fr operating in OH
I am doing a 1031 exchange & looking for replacement property in OH.I heard disturbing news which i want to verify.. that my CA LLC which owns the Calif property i am selling cannot purchase in OH, or may be fined...
Hanna Brown
Door Knocking Pre-Foreclosures and Cash Offers (Oregon)
Hello All! I am interested in acquiring pre foreclosures to buy and hold as rental properties. I am not a licensed RE agent or attorney, just an investor looking to increase my portfolio holdings. My original plan was...
Jonathan Martinez
Preparing for a second property
Hello BiggerPocketeers!
I was in the works of acquiring a second multi family property through a creative way of financing it. First, the seller (relative) would have held the note for 20% for 24 months while I acqu...
Kelly McCullen
Running the Math on an initial deal
Here goes it, folks.....
2 bed/1.5 bath - 1300 sq feet.
List Price: $40,000
Last renter paid: $400/month ( I know, it's the 1% rule in this case)
The $400 per month rate was based on a house that needed some "spr...