Cedric Lemay
''Subject to'' financing
Hi all,
Just wondering if property purchase subject to existing financing were legal in Canada (Quebec). And if yes, what type of financing are you NOT allowed to accomplish in Quebec but are allowed in the U...
Account Closed
Where Should I move to?
Where should I move?!?
Long story short, I am in the military and just found out that I will be moving soon and have to put in for my new location ASAP! A man can only do so much market research and read so many CAFR...
Assaf Furman
Subdivide a property to get a 1031 exchange
Here's a scenario I came across:Say I own a house which I'd like to to sell and buy another one which I'll live in. Now say I've found a property with two houses on it, and it's subdividable so that each house will si...
Keith Meyer
Use Cost Segregation/Bonus Depreciation Instead of 1031 for MHP
Has anyone recently taken advantage of 100% bonus depreciation through a cost seg study to avoid having to do a 1031 on a large commercial property ($1MM+)? If so can you please message me or post about your experienc...
Jeff Lipple
funding for a resort
Hi Everyone,I'm purchasing a resort. Net income is about $85,000 and purchase price is around $850,000. I have 80% of the financing covered by a bank. The bank does not want me to do a PPM. I would like to borrow ...
Ashley Salassi Hunker
Can you get a mortgage in retirement?
Hi BP!
A friend in retirement in their 70s is considering selling their house in Houston, TX to upgrade to a home perhaps 80% higher price point than their current property. Their funding would be: A regularly rece...
Darius Johnson
Refinance First Mortgage to get Second Mortgage
Hello Everybody,Looking to refi 1st mortgage on a SFH out of town, to get money for a down payment get a 2nd mortgage on another SFH in a different town in Ga.Anyone have experience doing this or any suggestions?1. I ...
Andrew A.
Practicing Attorney, Looking to Add Value and Learn
Hello all!I'm a practicing attorney in SE/Central Iowa, practicing mostly in transactional matters, and litigation that stems from the same (read as "matters like real estate transactions, and subsequent eviction for ...
Lamar Allen
llc/ private money
Lately I've been learning about private mone, and i learned I cant lend myself cash to purchase property, however if I purchased property understand a llc can I loan a llc cash if I own it?
William Klawitter
Wholesale deal listed on the MLS
I have a property under an assignable contract with the owner at 15k. I've listed the property on the MLS, and someone's ready to write an offer at 25k. I'd like the owner NOT to see the price that I'm selling at (no ...