Hello all! Just to give a bit of a background, I'm a pretty novice investor. I bought my home in 2010 when the 40k I was saving up for a downpayment was able to buy an entire property outright and have been house hack...
Thinking about utilizing the CARES ACT to pull 100k from my current 401k to purchase my first real estate investment property. There’s no 10% penalty right now and the tax pay back is three years. This has never happe...
Can I use a 1031 Exchange to buy another house, then "put it in service as a rental" for a short period of time of 6 to 12 months. After renting it for 6-12 months, then evict the tenants and move in as my new princip...
Hello to the BP Universe. I have just started listening to the podcasts and have already learned a ton. I was wondering if anyone could help me out on my question. My wife and I have a single family rental home in Atl...
Hi BP,
Quick question, I completed a 1031 exchange on 9/2023 (about 4 months ago). I purchased a 6 Unit Multifamily as the replacement property and put about $150K in renovations into it. However, after thinking abou...
Hello I am looking for doing 1031 Exchange of my two properties. I am looking for QI. Does anyone has any recommendation based on their experience?ThanksUmesh
Closed on my second and our partnerships first investment in Dayton KY. It is a 2 bed 1 bath 800SF house. PP-42,000Rehab budget - 10,000Projected ARV we had was about 80kPotential rents - 1,000/moWe got our pre-apprai...
So I have a house that I purchased from another landlord in April of 2015. I purchased the property for $17,600 but I currently owe $19,664 on the house. Well a few months after buying the house the tenants that I "in...
If I'm looking to buy and hold a property as a rental for a few months with my wife and then choose to do a 1031 exchange for either another property or multiple, is this a good plan?
Also we own a house currently a...
I'm an experienced contractor in the Florida panhandle. I have found a great deal on a home in a highly sought after affluent areaThe purchase price is 1.75 million and this includes architectural and engineering plan...