Ryan Galloway
1031 Exchange Question
Hello hive mind,
I have a question about 1031 exchanges: is it possible to sell a property and 1031 the proceeds into another property we already own to pay off the balance? If the answer is no, are there any tricks ...
Asma A.
15 year vs 30 year on 96K rental income
Hi all! I'm in process of closing on a 96k rental property and trying to decide btw 15 and 30 year mortgage. Below are numbers:Purchase price: 96,000Down payment: 20%Interest rate: 3.125% on 15 yr, 3.85 on 30 yrMont...
Chris Williams
Larger Multifamily as First Deal - Good Idea or No?
Given all the current craziness, in the housing market and otherwise, I wanted to run an idea pas the BP Conglomerate.
I'm following this plan at present: Buy a small multifamily (2-4 units) property in Washington ...
Rick Curtis
Long term investment advice
Looking for some advice. I live in CA and I am eligible to retire in 8 years. My primary residence is currently valued at about $675,000 and I owe about $250,000. My loan is a 15yr and I pay extra each month with th...
David Zinn
#askbp 15-yr vs 30-yr mortgage
@Brandon TurnerHey Brandon!What's better: a 15-yr mortgage or a 30-yr mortgage?I can still cash flow just fine with a 15, so I decided to take it (PITI with the 15-yr is $550/month, while it is $350/month for the 30-y...
Brian Baller
About to close on a deal. Please help me choose btw 2 properties!
Hello, my name is Brian and I am new here and this is my first post! Exciting stuff on my end as I am about to close on my first BRRR rental property. A new listing just popped up that has me scratching my head. Hopin...
Account Closed
Buying a property in a FLOOD ZONE
Can anyone give me some insight on what to expect when buying a property that is located in a flood zone. What extra expenses can I expect as far as insurance ect. Any hidden surprises, fees, or laws I will have to ...
Patrick Reed
Business Deductions that don't count against home buying income
I am a self employed sole proprietor. I am looking to buy my first house this year so I am being extra careful with my final tax number and not deducting too much.
However, the SEP tax is really killing me, and I am ...
Leo Kotschenreuther
BRRRR with All Cash or Financing?
Dear BP-community,I just finished David Greene's book "Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties". Before I had read the book, I was convinced that I wouldn't be...
Mon Kaaaaaa
Lease purchase with investor
We are relocating and prefer to lease before we commit to a home. We found a home that is in a good area and available for lease with an option to buy. The monthly lease price is great and the deposit is less than oth...