Chase Brauchie
Can I use my rental property equity to purchase another rental?
Hello All,I have about 80K in equity in my rental property and am wondering if i can use it to purchase another rental. I currently have a 3.99 fixed intrastate rate that I would like to keep as they are around 4.8 + ...
Jefferson Smith
One partner with money, the other with credit...fairest split?
Two partners are working on a deal for a small multifamily (under 5 units) and getting a standard mortgage.One partner provides a bit more experience and about 3/4 of the capital. The other partner is securing the lo...
Dane Kania
First flip. Rent or Sell?
Hello everyone!So, I am starting the journey of real estate and couldn't be more excited! I should have my license within a month or so. Also, I am currently attempting my first "live in" flip with a good buddy. As al...
Kevin Lewis
Avoiding capital gains tax
I took out some equity on one of my investment properties in 2015 and I am buying another investment property in 2016. Can I do a 1031 exchange for this transaction and, if so, can I defer the capital gains tax?
Leland Woodworth
Pros and Cons of a LLC
I am brand new to investing and was thinking about getting a LLC. What are the pros and cons? Should I even consider one if I don't have any properties yet?
Dan A.
Partnership structure where one party lives in the property?
My partner and I are looking into a 4-unit property where one party would actually live in one of the units in order to get better financing and a lower down payment. Has anyone seen or done this type of deal before? ...
Frank S.
Use of Unemployment Benefits as Proof of Income in Application
Hello,
COVID-19 is affecting may people. What are you doing when tenants applying for a unit use unemployment as source of income? Is this a protected class ? It seems many are working and still collecting unempl...
Rich Cee
How do I purchase multiple homes?
How can I personally purchase multiple homes? I understand that this is a broad question so I am going to explain my money situation. I own a SFR with about 50k-60k in equity and I have another 50k that will be saved ...
Richard K.
3 Rentals in San Diego, what to do next...
I purchased a town home in 2015 with my VA entitlement, lived in the unit for a period of time and then rented it when I left for a deployment. Closed on a single family residence at the end of 2017, utilizing the rem...
Jon Gorman
Question about timing--keep saving or pull the trigger?
Hello,I would love some input/guidance around timing to buy my next house.I bought my current starter house ~5 years ago for $237,500 and put 20% down. 3.75% interest, 30-year mortgage. Principal + Interest + Property...