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I inherited a house and have a question concerning obtaining a HELOC.The house is in great condition. It was my grandmother's home and I plan to keep it as a rental. When doing a search on her debt, I found she had t...
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Hello,I want to sell a SFR in a 1031 exchange to put towards a 12 unit CMFR and finance the rest. A conservative estimate for the value brought to the exchange is only about 150k after paying off the existing debt and...
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Hello,My partner is planning on selling her condo, however, I am in the midst of purchasing my first property and we plan on living together. So, where can she move her money after selling in order to avoid capital ga...
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With the end of 2017 upon us and tax season quickly approaching, what general tax strategies should investors, or those looking to invest, make sure they take advantage of in order to get the greatest return and set t...
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Hello Everyone,If my mother is to gift me $50k and I set up a payment plan to repay her, how does that work with taxes? I had never heard of being taxed on a gift (silly me). I was originally going to use the gift a...
Hi there,I have no doubt that this is a silly question, and I have already an idea of what the answer is, but I thought I would ask for some advice from experienced real estate investors.I am 4 months into owning my f...
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Just listened to episode 449 of the Real Estate Rookie podcast with Diem Martin. Her story of success is inspiring and she has certainly sacrificed in building her current portfolio. I am bothered by the casual natu...
Me and my fiance have purchased our first home, a single family home near downtown Indianapolis. We put 20% down on this home (~67k) and have recently been introduced to a very attractive investment property in the ar...
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We are closing in a few days on a bi-level duplex. [It is currently empty] Both units have a space for a small stackable washer/dryer BUT there are no dryer ducts/exhausts/vent AND in the upstairs unit the plug would ...
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I recently had a post "Out of State Investing-SCAM! False promise land of cash flow".https://www.biggerpockets.com/forums/88/topics/351...I may have given the wrong message that out of state investing is not a good wa...