Has anyone had any success with trying to acquire tax-defaulted properties? If so, could you help me understand the process involved? Do you become the property owner by simply paying all the back taxes owed?
We acquired this MF property couple of months ago. It looks like the previous owner paid the water bill for all the tenants whether or not it was included in the lease agreement. We are now in the process of renewing ...
Hey everyone! So please forgive me I’m a newb but was wondering if it’s possible to use a second mortgage to pay for the down payment of the first? Assuming that there’s built in equity off course. I thought I heard i...
I own a 51 Unit Apartment that's valued at $3.6 million and we owe $2.5 million. We have some repairs we need cash for and I was wondering if it is possible to get an equity line for an apartment?Ive considered doing...
I am partnering with a new partner on a flip for the first time. She is a licensed RE broker and located a great off market deal with the ability to flip it and came directly to me about the deal. She has structured...
Hello everyone, is there anyone can give me advice about my personal residence which have equity and I intend to cash out the equity for real estate investment. I am located at Southern California. So, my question is...
Hello BP community!
I own a 4 plex in the LA area. Trying to decide if I should sell it and do a 1031 exchange for a 5+ unit or do a cash out refi take that cash and go in on a 5+ unit with a partner. I'm hesitant to...
Hi,This question is for a friend's mom. She completed 1031 exchange and converted 1031 property into primary residence, almost immediately after 1031 (one month). I know the rules that she should have used the propert...
Hello BP,I am have been made aware of a potentially life changing deal and I need some specific tax info. A gentleman was introduced to me through a family member that has a large portfolio of apartment buildings has ...
hey folks. Hoping you can help me work through something. My mother and i would like to build a duplex. We would like to do this as a legitimate business, ie: a partnership. The current thinking is that she woul...