Hi BP, is it possible to 1031 exchange an sfr to another sfr of lower purchase price, yet include rehab costs within the 90 or so days (can’t remember the time limits) to make it cost more? This may be a common quest...
Anyone have experience wholesaling boarded up homes made of wood in lower class neighborhoods?
I am a new investor and this may not the the first project to start with but I am still in the research stage of this deal. There is a large SFH (2,400 Sq) listed for 80,000. It is in need of major repairs. I wonderi...
Hello,I'm a Licensee and I invest in RE with my business partner. When we buy MLS properties; Would it benefit us more to take the commission or should I decline the commission for the sake of lowering the purchase pr...
I have a $50k HELOC on my primary residence and I was thinking about using $40k of it to pay off personal debt and was curious if I do that will this improve my DTI? Since it’s my understanding that lenders will add u...
Do lower floor beach condos rent similar to higher floors? Specifically 2nd/3rd floors. First floor seems ok since you could walk straight out to a pool, beach, street, etc. so I see the value there, but on 2nd/3rd th...
I am trying to understand what my potential tax implications would be in this example scenario.1st property purchase:$600k with $150k down Sold for $932,5002nd property:Purchase price $1,925,000$385k down Sold for $2...
My partner and I recently completed our first rehab in South Philly (woohoo!) It's been on the market since mid-July, and it's priced in the range of nearby comps, though perhaps on the slightly higher side.We've had ...
Hi guys,I have a question about the tenant who lives in one of my rentals in Phoenix. I told her I want a long term tenant because I dont want to change tenants every year or so... She was ok with that, but we did onl...
My wife and I would love to do a basement conversion to an apartment in our house. The ceilings aren’t tall enough, and I know that you can dig out a lower foundation to make the ceilings taller. The problem is that t...