Gloria Mirza
Problems financing a property purchased on Hubzu
I'm in contract on a property that I purchased on hubzu and attempting to get a 30 year fixed rate conventional loan with 25% down. The property appraised for 205k and my purchase price is 172k plus a 4.5% auction fe...
Austin Tam
When to sell vs. when to cash out refi
I own a property in Elk Grove (a suburb in Sacramento) that I'm looking at options to free up capital. We purchased the property in 2011 for 140k all cash. We've had the same tenants in place since we purchased the ...
Camille Jackson
(Chicago- Flip SFH or buy multifamily with LLC, hard $ or own/occ
Hi BPI'm new to the forum, but definitely plan on being around for quite a while! I love it!I'm looking to form a REI LLC with my mom (she and I are in Chicago) and brother (works full time in California). My mothe...
Hank Bank
Starting My Real Estate Journey: How Can I Leverage a Paid-Off Townhome?
Hi BiggerPockets community,
I’m just starting out on my real estate journey and could use some advice!
I currently own a single-family townhome in a great area. The property is fully paid off, as it was essentially ...
Coley Mitchell
1031 exchange to get out of little-to-no equity property?
Hello,I have a 2/2 condo in a large 340-unit condo conversion property in Savannah, GA that I am dying to get rid of. Originally purchased in 2006 (at the tippy top top of market as I was getting out of school) as pr...
VB Phom
$80K - Buy and hold strategy: Purchase using conventional or BRRR
Hello,My husband and I are new to BP and getting ready to start our path to financial freedom; however, we're hung up on a strategy. If you've had this type of issue when you were starting out please chime in and let ...
Larry Zucker
Running out of DTI on conventional financing
New to BP and really enjoying the great information in the forums.
I have two rental properties purchased in the past year with good cash flow. They are financed with 20% down through a conventional loan with a port...
Joel Owens
Tennessee tax question
If you are an out of state investor buying a commercial property in Tennessee do you have to pay income tax or not??
Does it matter if you hold the LLC in a different state but purchase in Tennessee versus setting up...
Patrick Irish
$5k For Cap Gains/Tax/Opinion Quote - that reasonable?
I’ve been quoted $5k to have a cpa tax attorney (firm) crunch wife and my numbers to determine possible cap gains on sale of rental. They’ll determine best route in how to essentially to pay the least amount in capita...
Ryan Cartier
Using HELOC to put 20% down on rental
I currently own my primary home free and clear. I am considering using a heloc to provide the down pmt for a rental.My plan is to buy 1 rental by the end of this year and have 3 by the end of 2018. I am trying to see ...