Freeman Schultz
What are the stages of buying a commercial property?
I am familiar with the stages of buying a single family home. However, I realize the process for buying a mixed use building or multifamily is different.I have done some online research to answer my question, however,...
Nicole G.
New Investor looking for guidance in CA (Inland Empire & LA area)
Hello BP Members!I am a brand new investor and I need a little help. I am in my 20's and I would love to flip. Here's my story:I purchased a small home (short sale) in 2013 for $55,000 in San Bernardino. Right now the...
Account Closed
Wholesaling - risk of not finding a buyer
Hey BP - I have been working on setting up my wholesaling business for the past several months now and I have a list(s) of sellers and cash buyers that I am about to start marketing to. Before I do so, I want to make ...
Paul D.
1031 exchange just profits or all proceeds
I bought a house for 60k and am selling this month net me 80k and want to do a 1031 exchange. Do I have to escrow the 20k profit only or the whole 80k proceeds from the sell? Do I have to buy a property to defer taxes...
April Eilers
First Timers Seeking 1031 Exchange Input
Hi BP Community! We are currently doing our first 1031 exchange. We sold a property and our cash is being held by an intermediary (referred to as "1st Sale"). With the 1st Sale cash, we have purchased one property whi...
Damien Ramirez
1031 Exchange from individual to LLC
I am about two weeks away from officially starting an LLC with one other individual. Before forming the LLC that individual and I bought and are still in the process of flipping a house. The property is only in my n...
Mark Costa
Investment financing vs. second-home financing
Hello,I wanted to get some advice on potential financing options. Currently, I have two prequalification letters. One is the standard 25% down on an investment property, the other is what looks to be a second home mor...
Account Closed
How long before I can reuse FHA after I close owner-occupied refi
Hi all,
I had a quick question about owner-occupancy requirements.
I purchased my first duplex with an FHA loan. I am currently in the middle of a refinance where I need at least 85% LTV to qualify for this Freddie...
Gary Jellis
1031 Exchange rental to New rental then to Principle Residence?
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...
Lorenzo Smith
I got a problem but a good one to have
I have an opportunity to hit a home run on a property that I purchased. My option are to to brrrr or to sale. My bank verbally denied me without looking at my credit after reviewing my income statement to determine th...