Fletcher Caulk
1031 Exchange next year--help!
My wife and I own a townhome in Culver City, CA that is appreciating very well but not cashflowing. My renters' lease is up next summer and I'd like to do a 1031 exchange into a multi-family property. Right now, our l...
Chris Knebel
Appraised value, and equity
If you find a beat up property selling for less than it's appraised value is it safe to say the difference (in what you pay and appraised) is equity?
A property:
Appraised value is $100,000, purchase price $80,000...
Corby Goade
BRRRR Deal in Nampa Idaho
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $185,000
Cash invested: $220,000
This deal was brought to us by a wholesaler that we work with regularly. Numbers w...
Jessica Long
Can we change our down payment amount once it appraises
Hello! My husband and I have been given the opportunity to buy his parents home at a deep discount which we will live in as our primary residence. We are trying to use a gift in equity to cover the down payment and cl...
Luke Kleck
Newbie financing questions
I just refinanced my first house and ended up with about 60k in equity. I’m looking to purchase a second single family home and I’m not quite sure what my next step is. Can I borrow against the equity in my house? I a...
William Ika
How to change Heloc to a first position?
I have a $50,000 Heloc on my house but it is valued at $300,000 with $133,000 in equity. Any suggestions on increasing the Heloc amount?
Jose Vasquez
Using $135K equity from one home to purchase 2 or three additional investment homes
I am new to investing in real estate, but I do have a home that I purchased for my parent, and the property has about $135k worth of equity.I need some guidance to see if what im thinking is possible.I found a home fo...
Kayla Luttman
What LLCs to create for STRs
Hello! Great group! What type of LLC would you suggest for Short Term Rentals? A series LLC or each STR have it's own LLC then one umbrella LLC? Thank you!! Kayla
Gary Crawford
How I went from ~100k to Millionaire in 6 Months
Initially, when reading the title of the article, this sounds like a get rich quick scheme or simply too good to be true. I will keep this short and concise, but most of what I have done can be replicated by almost an...
Michael Pitsos
Negative Cash Flow — still rent it?
Hi I have a unique situation on my hands. I have the opportunity to buy another home in the same communiting area with a VA Loan with 0% down. The current home I live in carries a 15 year mortgage that runs $1550 per ...