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Hello BP community, My name is Ben, I'd like to introduce myself here. I've been listening to podcasts and reading the forums for several months. In 2015 I made the decision to start investing in real estate, and i...
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Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $320,000
Cash invested: $15,000
Property consists of 4 quadplexes (16 Units), 8 two bedroom units and 8 one b...
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Looking to purchase my 2nd property. Came across one that involved seller financing. Thoughts?
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I purchased a 1st position NPN where the borrower signed a Deed in Lieu over to the previous lender. The previous lender never recorded the deed with the county. I went ahead and was able to get the DIL recorded wit...
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I am trying to find the cheapest funding on a property I recently offered on. There is no active electric and where the breakers were taken out of the breaker box. Two of the kitchen cabinets were also cut in half. My...
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Hello all,My brother and I inherited some land in Vermont from our late grandmother. We have come to a verbal agreement as to how I am going to buy him out of his share.The deal is that I will pay a sum of money on a ...
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Can someone explain the tax benefits of real estate? I know what the 1031 exchange is, but don’t know the concept of depreciation and how that is a benefit to real estate investors. Any other tax benefits that you g...
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We (buyers) just went under contract on a piece of property in central Texas. We were preparing to send over earnest money and option fee when we were told the sellers were having an issue on their end and may be bre...
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Hello BP, not sure if I have properly introduced myself yet but I have been browsing the forums extensively for the past 6 months just gaining a vast amount of knowledge. In any event, I feel like I am properly prepar...
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BP,
I'm nearing the date of when I'll be leasing out my property, and brushing up and finalizing my To-Do-List. In the state of NJ, the tenant's security deposit must be deposited in either:
1) Shares o...