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Hi everyone. I am fairly new to the forum and have been doing a lot of reading to prepare myself for my first deal. I met with a mortgage originator at one of the large bank in Minnesota today who told me that a trans...
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Hello, I am wondering if a seller of an existing property, say a 4 plex, can do a 1031 into a 'new' property with the same person or entity that he sold the 'old' property to? Think of it this way, I buy 4plex from 'F...
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Hi Everyone! Happy Friday (that has different meanings to different people!! :) ) Thought I would post a thought provoking post to solicit a lot of response ... let me know what you think!For those of you who have re...
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Hello all.
A situation has come up and I need some advice from the experienced guys and gals on this forum.
My father owns a duplex (1/1 and 2/1) which he is currently underwater on. He is either breaking even or l...
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So i'm at point A (tired of working for others and ready to do anything and everything to take charge of my own destiny) and need to get to point B (6 figure net income). I know I need a map, but right now the map ...
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I signed the purchase agreement before finding this site, so the deal is done, but please help me analyze anyway. The property doesn't cashflow but that's because it is a 10 year note at 8% (seller carry).
I am buyi...
Hey guys, I'll be finished with RE school next month and I'll be taking my liscensing test soon. I live in a fairly high price market(650,000 average)and grew up on the beach in socal knowing a large portion of p...
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Hello all,I am purchasing a duplex in Minnesota for $90k and the appraisal value is $100k. I'm working on getting insurance but the companies I've called want to insure it for the replacement cost of $340k. I really...
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AirBnB just released their new cleaning protocol standard and are trying to get hosts to commit to it. How many are going to opt in and get the badge on their listing? I'm not sure if you have to block a day between b...
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This is a long post - thanks for your time! fyi: house purchased in COI recently purchased a HUD house through an agent. I bought the house w/o ever actually seeing it. Never had a 'buyer's agent' agreement - not s...