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Hello all. Thanks ahead of time for the time and input. So we bought our first home in 2009 with an FHA loan at 3.75%. I know the load is assumable. We moved and have rented it out for about 5 years. We want to sell a...
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Hello all, I have a property in DFW that I have a hm loan on. Due to a serious of misfortunate events I am in default now. I owe my lender about 8k. Right now my debt is sitting at around 154k (8k outstanding intere...
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Hi BP community, I am in the process of selling a property and would like to know if 1031 exchange would work for auctions. I can't seem to see why it wouldn't work with auctions, but I would like to know if it would ...
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Hi, I am doing a 1031 exchange and am considering purchasing a rental in the Orlando market. I have family in the area and I typically visit once a year, so thought it would make sense to make part of my trip as a bus...
In 2005 I entered into a partnership with my brother and a couple of friends. We purchased a single family house to rent out. We (over)paid around $127,000 for the house. The property is titled in my brother's name...
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Hi
I purchased an investment property in 2018 in Austin, TX.
Purchase price $225K
Cash flow -$200/mo
Current sale price $410K
I knew I was going to be break-even / negative cash flow when I purchased my fir...
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I totally get why you should reinvest profits from rental units. But what do you do with those profits? Say I am cash flowing $30K/year. What should I do with that? Save up for a down payment on another unit(s)? Pay ...
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Hello dear BP community!
We are selling one of our SFHs. Closing date is tentatively 5/31.
What kind of 1031 exchange would you consider if you have to get a property that is $420k or higher with $120k left to inve...
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Hi guys, are there any real estate investors in the NYC area that flip houses that would allow me to shadow them or can walk me through their next flip. I have some free time throughout the week and would love to lear...
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I'm in a 1031 exchange. My rental in California is set to close June 7th and the clock starts ticking. I have info on a loan, stated income, 25% down and the rate is 5.75%. Can I do better than that? I'll be buying my...