Michael Svoboda
Goals & Business Plan approach
Hi BP communityI've been using a phased approach to start my real estate goal and looking for your input, please.The first step was to move out of state that had very steep property taxes, moving out allows us to allo...
Christopher Davis
Strategy for first property, opinions?
Ok let's say house is 175k. 25% down would be 43,750. (I spoke with a lender and he quoted 25% down). Loan 131,250. Let's say conservatively 4.5%, 30yr. PI = 665.02. Estimating TI at 200, total debt 885.02/mo.If rents...
Rodney Hunter
Should I do a 1031 exchange ?
I purchased a couple rental properties back in 2012 when the market crashed . I've been thinking about selling and doing a 1031 exchange for a like kind property. I would then refi and purchase another property . My ...
Daniel Hayes
Forming a RE business
Seeking advice...
Over the past couple years I've rehabbed (i.e. subbed out) about a dozen houses, but still have very little technical knowledge regarding land development and construction. I'm at a point now where...
Andrew Flower
Overcoming Financial Obstacles
I have been stuck in analysis paralysis for beginning my real estate career for the last couple years. My plan is to start by flipping homes until I have enough cash to fund a BRRRR project from start to finish and th...
Matthew Tierney
Finding a intermediary to facilitate a 1031 exchange
So I’m looking for an intermediary to help me with a 1031 exchange in Philly. Also any advice for this is my first time attempting an exchange. I’m looking to sell 4 houses and buy an investment property down the Jers...
Curtis Bidwell
Dividing LLC Ownership Classes by property
I'm in an LLC with 1 other partner. We own several SFR and 2 apartments. My partner wants to retire. I want to buy out his shares of the apartments while maintaining the relationship in the SFR. Can this be accompl...
Jacob G.
HELP! How can I use my equity?
I currently own a property that has an estimated value at around $200k - $230K. My remaining mortgage is just around 109K so I know there is some untapped equity. What do I need to do to tap into this equity and poten...
Mike Stosich
1031 exchange question
Can I 1031 exchange into a down payment on multiple long term rentals? For example. Selling a piece of land with 50% ownership for 1.6mm. Can I take my 800k and 1031 it into $100k down payments on let’s say 8 $400k ho...
Kameeka Shirle
Practicing Deal Analysis
Hello BP Central Florida!I am working on analyzing properties and would like some feedback on my numbers. I am currently looking in the Sanford area and evaluating mostly SFH with 2-3 bedrooms, 1-2 baths, <1500 sf ...