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My wife and I have just executed a 1031 exchange, however, all of the properties we purchased are currently listed in our own names. We'd like to get them in an LLC as soon as possible although the intermediary an...
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Hello BP. I was looking at some pre- foreclosures and found a condo that I know only allows owner occupancy. I was wondering, out of curiosity, if one could do a subject to (assuming the numbers work) and do a rent-...
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Hi there BP friends...I've been spending some time trying to figure out how to acquire my 3rd rental unit. Here are a few facts: 1. We have no "cash." We are levered up. 2. Our home has 250k in it (mortgaged 50k)I'm...
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Greetings BP community! I've listened to the podcast for a few months now and joined the site a little bit ago, so I decided to start participating in the forums as well.I've been interested in real estate for a long...
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Currently, I have a multi-family property under contract that is being managed by a property management company. We are sked to close the end of this month, however, I would like to chat with the property manager... ...
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I realize it's probably not the best time to be starting a traditional meet-up group, but I think we can organize something via Zoom if we get 5-10 folks interested and lay a foundation for some actual meet-ups once l...
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Our NJ governor has just declared via Royal Fiat that any tenant - any - whether adversely affected or not- can use their security deposit to pay rent, either whole or part.
We can still sue in civil court for damage...
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My mother in-law needs a mortgage to purchase a home that belonged to a family member that passed away. Our options would be for my wife and I to get a 2nd mortgage (our primary residence is in Indiana) or to co-sign ...
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Hello BP Team,I'm trying to get a feel for what everyone's experience has been going from a low-down payment multi-family first time home buyer property to a single-family residence (would the single family residence ...
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What's up BP!...
I have a quick question regarding rental income being considered income. I know that banks will not consider rental income (or any income really) for the first two years.
My question is... Is thi...