Kelby Schimming
Can I 1031 a "flip"?
Hello BiggerPockets,
Quick Note: I did thorough research on this and keep getting contradicting advice.
I recently purchased a property with the intent of holding it as a long-term rental property. I cosmetically...
Michael Williams
Reinstatement of Anti-Flip Rule
What is the creative solution around the re-reinstatement of the anti-flipping rule? Is owner financing the best solution or are there others? This would also be a great opportunity for small banks or some other lendi...
Mark Ferguson
I get to see the inside of my $500k flip for the first time on Tu
I bought the most expensive flip I have ever done last week. It is tenant occupied and I get to see the inside of it Tuesday! Obviously it is not the ideal situation to buy a flip for $500k you can't see, but it takes...
Matt F.
How long before lenders count rent income towards DTI ratios?
How long does it generally take before lenders start counting your rental income ?i recently purchased a new primary residence and rent my original home. how long do i need to be renting that original home for before ...
Steve S.
Do you own single family rental property in DFW?
I'm trying to get a feel for rent to property value. DFW seems very hard to get to 2%. You're probably lucky if you can get 1%.
I'm looking in areas such as Garland, Mesquite, around Plano and possibly furt...
Pat L.
May have to update that Rent to income requirement !!
I have several older tenants probably paying half their monthly 'fixed' income to rent in a safe/secure area & they need to work part-time to supplement their lifestyle.http://www.wral.com/more-americans-spending-...
Cindy Auch
Is interest received from fix & flip loans subject to self employment tax?
Wanting to understand how the interest part of our income (partnership LLC) for short term loans- mostly fix & flips, are considered for tax. One accountant said it’s not subject to self employment tax since it’s ...
Luis Perlish
Is Louisville, KY a good area to invest in Multifamily?
I own apts in Miami and Multifamily Buildings in Omaha. I want to buy more but Omaha slowly for surely is running out of inventory and has been harder. I was thinking Louisville but I have not even been there. I am al...
Amy Stanley
cash-out on my investment property 1031 exchange?
I am doing a cash-out refinance on my investment property. I will be using the money to invest in another investment property. Do I have to put the money into a 1031 exchange if I plan on purchasing before the end o...
Karam A Tascoe
First investment renovated and rented!
Well, I am pleased to say that I finally got my first property in Columbus GA renovated and rented. I purchased the property on auction dot com for $25700. Renovations costed $12,000. I am all in for $37,700. On Decem...