Johnny Situ
1031 Exchange Requirement
Hi BP folks,I have a question for 1031 exchange, here's a scenario:Relinquished property sales price: $180,000, remaining loan balance $102,000.Replacement properties (3 properties):Property A: $80,000Property B: $85,...
Account Closed
Rules in Real estate
Can you guys teach me these rules50% rule70% rule1% ruleand more rules.
Ryan Baker
Converting Residence to Rental - When to start making upgrades?
We are expecting, within the next 12 months, to purchase a new primary residence and convert our existing residence (SFH) into a rental/investment property. We need to make several upgrades to the current place in ord...
Gary Fraser-Lee
Renting a zoned "single family home" to multiple unrelated students
I am looking at purchasing a single family home (4 bedrooms) near a local university. It is zoned specifically "Single Family Home" According to the zoning ordinance this means : Family means a person living al...
Tom States
401k rollover to checkbook IRA LLC?
My game plan was to rollover my 401k to a checkbook IRA LLC. But the mortgage company wanted to close fast on a short sale before I could set up the LLC, so I had to rollover my 401k to a traditional IRA and take a di...
Ben Leybovich
Lowering Expenses Is Not an Efficient Value Add Strategy
Say you’ve bought a 24-unit apartment building that generates $24,000/month in revenue ($1,000 per unit). This is a value-add, and you think you can improve the rents from $1,000 to $1,400, which would equal to revenu...
Bobbi Casalino
Can't afford to keep house that CAN cash-flow
Hi. I'd be grateful if you could help me untangle the ways I could help a friend. She's 1/3 owner of a 3 fam in Brooklyn, currently inhabited by family. It's contentious. She'd like to keep it. The 3 owners agreed to ...
Samuel S.
Refinancing a Non-Conforming Investment Property
Hey BP Folks,So I am getting ready to sign the PA to get a duplex under contract, which is currently a non conforming property. It is technically not even a duplex, but rather a 2br house and 1 br house on the same t...
Jeffrey M Gormley
Help in 2024 Refi - acquire new property
In an unknown future market I am stumped on what the smart move is here.40 yr old Fresh out of divorce court with little left of savings, living with relatives. I own a 2 family that is occupied and cashflows. This ...
Rodney Montalvo
Financing possibilities for obtaining mortgages
I have a question. Can you finance a multi family with the false pretense that you are going to be living in one of the units? Thereby obtaining a lower interest rate on your mortgage. Does the lending institution e...