Hey all,So I have someone who has a chunk of change sitting around and is interested in putting it to work. They've approached me, since I have a few properties already, and wanted me to do the grunt work (and maybe p...
I am trying to get to the bottom of this... Have not found a solution on the forums. I want to avoid double transfer tax in PA for a wholesale deal. I was told by a title company that I can use a novation agreement at...
Hello BP.
I have some experience investing in other markets ( SFH fix and flips and a few rentals.) I am looking to get into the Dallas area for obvious reasons. If anyone could breakdown some Market Specifics for m...
Hi BPers-I want to create a business name that is separate from my wife's and my name. I primarily want this to serve two functions - 1) so our tenants do not know that we are the 'big, bad landlord' and 2) be able u...
Experts, I am looking for some pointers which areas to target for my 2nd rental property. I am based out of California.$$ Range = max 250kDown payment = max 25%Goal = Positive cash flowBelow are the areas i have done ...
Hey everyone!
For those Pennsylvania based investors and legal experts out there I was wondering if you can provide some guidance on the situation below:
If I purchased a multi-family property in my name, then trans...
Im in my early 30’s, no kids, single, and live in a sublet in NYC while working in NYC trying to save money. Ive been very intent on investing in properties on Long island WHERE i am from, to rent Long Term. I do know...
Hi BP, I need your advice. My family and I are planning to move to Texas. I’ve narrowed it down to Dallas or Houston because in NYC the prices are out of control. A single family house in my neighborhood is $1 million...
Where I'm at today:
A) getting 1.2m cash-out of my 8 family in Brooklyn, at 5.75/ 30 year adjustable with $60k in closing costs (NYC Mtge tax is 2.8% so that's 33,400 right there). ** How's that sound? Are there be...
I have a seller telling me that he wont do the deal unless he gives a quit claim deed only. He said it was because he wanted to avoid capital gains tax. Is there a way to get around that with a general warranty deed i...