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I'll make this short..We were shown a property, our reno numbers came in around $160,000So we called the wholesaler and said were all set. They call us back and say hey we have a guy that can do it for $120,000 and we...
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I am looking to do a cash out refinance on a property that has a lot of equity into it. Probably gonna pull out $75K. What are the tax implications on a cash out? Is this taxed like a regular income, capital gains, etc?
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Hello BPMy name is Nathaniel Rand. I am an active Realtor and inspiring Investor in the Charleston area market. I have worked the retail side of Real Estate and will continue to do so to remain active and informed on ...
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We have about 80K equity in our primary home and 60K in the bank. We would like to start flipping. My thought is to use our cash to buy or use for the deposit and then get a home equity loan for the improvements. Is t...
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Hi Everybody! Looks like Im on BP more than FB nowadays! :) After reading a couple articles I've decided this week before Sunday I will be sending out my 1st batch of direct mail pieces and just wanted to get some gen...
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Hello BiggerPockets community! I'm Aidan Kennedy from Springfield, MA, passionate about real estate investing for many years now. I'm particularly passionate about investing in emerging markets across the country.
Ou...
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Currently in college and New to the game. Right now I’m in the research faze looking for investors from and around the Chicago area, since that’s where I’m from, that are willing to offer points of guidance?
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Investment Info:
Other buy & hold investment.
Purchase price: $1,000
Cash invested: $1,000
Sale price: $4,500
Wrote letter to off market property land owners. Settled on cash price, without t...
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Brought 1st Rental property for $25,000 — Obtained financing based on a subject-to appraisal that came in at $50,000 @ 80% LTV = $40,000.
My original thoughts were I would be able to only put $15K into the property a...
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My name's John, and I'm getting started in real estate investing.
Prior background? Well, no experience buying and selling properties. But I have logged some experience doing various bits of renovation-type work. As ...