Can I use a 1031 exchange to sell a rental property, buy another, rent it for a some minimal period of time and then convert it to personal use? What are the implications?
Im in the process of buying a HUD home as an owner occupant cash purchase. The offer was accepted and after the home inspection and walk thru with my contractor we found major damage to the house's foundation in the b...
Forgive me if I posted this in the wrong section, I couldn't find any other sections that seemed appropriate.
I understand that when calculating either Net Present Value (NPV) or Internal Rate of ...
Hi BP,I am just starting a new venture into the BRRRR strategy. I am going into it with a partner 50/50 split and we are looking to do 10-15 homes next year. We are going to buy each property thru a land trust usi...
Seller's agent saying he doesn't want to put any money in until after the inspection contingency is waived, But how do I guarantee the work gets done? This includes not doing the termite inspection. I'm going to send ...
Hey there! My business partner and I are purchasing an investment property that is a 4-plex. We would like to put the property in an LLC but are having a hard time getting a lender who would vest the LLC. Ideally we'd...
Our rental contract specified a daily late fee if the rent is made after due day. My tenant complained that’s unheard of and “no room to breathe”. What are you guys’ thoughts on this?
I purchased access to the tax lien investor buyers club at a event in St. Louis cause it was on sell and i thought it would work a certain way but so far it doesn't work that way and they are advising me that i should...
Just curious if anyone here has gone through the process yet. Everything that I have read thus far states that loan forbearance payments will be due as a lump sump at the end of 30, 60, or 90 days. In other words, you...
I'm trying to navigate my way around the best option to finance my 1st income property. I'm looking to invest in small 2/1 or 3/1 single family houses in the lower income neighborhoods of the city where I live. They t...