John Baeten
How to purchase REI using 1031 exchange
Hello community,
I am new to real estate investing and have an interesting question which I hope someone can help me out with or at least point me in the correct direction. This might be more of a what would you do ...
Jared L Getz
Lowest Closing Costs On A Cash Out Rental Property Refinance?
Hello,I'm curious what closing costs and fees were tied into all of your recent cash out rental property refinances....and with what bank/lender you refinanced with?I am planning a cash-out refinance on my rental prop...
Rob Thrasher
Contractor demands more to complete work
I hired a contractor to renovate a commercial space into a daycare. He quoted 4700.00 for new outlets and switches, and he quote 2900.00 for emergency exit lights with backup battery.Once he started the electrical, h...
Ruchit Patel
Equity Rich Cash Poor!
Hello,I know two retired families in my group, sitting on $3M+ real estate, free & clear. They living in it. Very humble, hardworking, blue-collar family and they happen to grow up in a part of California that is ...
Fred Shandler
1st time deal: Plan Question
For my first potential deal (2 family, 30-40k - 2%/50% rules in place). In the interest of making my first deal at the lowest possible price, what do you think about my borrowing a business line of credit (from my cu...
Huiping S.
End the short-term and switch to long-term.
As an accident to start a short-term rental for more than 3 years and wanted to end it. 1) The number from CPA for this short-term is worse than any other long-term rentals. 2) the time spend for this short-term is &...
Ty Murphy
Kansas City, KS Newbie
Hello all,I recently moved to the Kansas City area from rural Iowa and am eager to begin an investing career. My previous location made real estate investing unattractive to me, but I am eager to take part in a new ma...
Jeremiah Dunakin
Trying to understand Land Contracts
Hello all. Currently I have one sfh. It is a traditional mortgage. I am trying to understand land contracts and how they work. I have a few questions on the process.1. How do the terms work? Is it for 30 years?2. Is t...
Tony Kogan
Auction
Hello BP community,I am planning to go to the auction in Atlanta that is being advertised at auction.com. I wanted to find out if a foreclosure wipes out all the liens against the property. Also what is the most econo...
Jim Stevenson
Alternatives to 529?
Curious to hear other's thoughts on saving for college through a 529. I've started contributing ever since my son was born 5 months ago but I hate the fact that it can only be used for education. I feel like there's t...