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We purchased a foreclosure home. My husband is now worried we bought the second mortgage foreclosure. It clearly states on the “ Final judgement of foreclosure” that this lien is superior to all other claims. But on t...
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Investment Info:
Small multi-family (2-4 units) fix & flip investment in Fitchburg.
Purchase price: $231,643
Cash invested: $46,329
Sale price: $325,000
We bought this 3 family as part of a p...
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So I recently closed on my first 2 family about a month ago. I have money saved up because I ended up not requiring it for my VA loan I used. I want to close on another multi family but I’m not sure the bank will appr...
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Hello everyone. I been wanting to look into buyng a larger multifamily, maybe 50+ doors. unfourttunately there seems to be very small suply. I have looked the usual sites like loonet, etc. I found ARA which o...
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My friend (seriously) owns 1 paid for primary residence, and 2 rental properties in which his uncle acted as the banker for him on those properties (off the books)So in the banks eyes, all 3 of his properties are full...
I have a property in a 1031 exchange. I am looking to purchase my second property, satisfy my exchange, and bring in other investors because the second purchase is much larger than what I have in the QI. Is there a wa...
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Has anyone purchased a single-family home with the intent of exchanging it into a multi-family property to avoid the higher down payment on the multifamily? How did this work? How do you research the market for 1031 e...
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Good day, If an investor has 10 rentals and wanted to over time sell them and put the money tax free from a 1031 toward a large purchase is there a process to do that? Say they sold the properties over 3 year period ...
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Hi- New BP member here and first forum post. I recently secured my Maryland Real Estate Salesperson license. In addition to representing buyers and sellers I am very very interested in building a portfolio of re...
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Hows this for a strategy. Let's pretend I have acquired 10 mixed real estate investments, single family and possibly duplexes or triplexes. Does it make sense to bundle that portfolio and sell it to raise capitol to b...