Alik Levin
HELOC interest deduction - New Tax Law
Dear all,What's the definitive answer - and preferably pointer to authoritative resource - regarding deductability of interest on HELOC with the passage of new Tax Law? I do realize that HELOC interest deduction now o...
Robert Carter
What do buyers mean when they say...
I know watching HGTV is not real life, I get it. But a potential buyer qualified for a $550K home but they selected a home that was $499K. Then the buyer said "oh great now we can use the other 50k to make upgrades ...
Orkeem Davis
Need Advice on the Best RE Financial Strategy for an 8-family in New Jersey
Hello All,
I have an 8- family apartment building in New Jersey and I currently owe 600k and it has recently appraised at 900k. I have and continue to work on different CAP X Improvements, including new roof shingle...
Zack Elaroussi
Sell as is or make improvements
Hey guys! Seeking advice.My mother is in a tough predicament and needs to sell her home ASAP.I am a licensed agent, so I will be listing it and know it will sell fast.The problem is it is extremely outdated and realis...
Audra Todd
Can I BRRR in this scenario?
I am very new to all this, but quickly sponging up all the information I can about real estate investing, especially BRRR.
Our current scenario is already positive. Buying my childhood home at less than half of the ...
David P.
How to optimize land value for multi-unit rental property development after demolition of current house?
Situation:
Two old houses have been demolished. We have enough land for a 25-unit apartment. The costs have already accrued for the demolition and permit for the new apartment is approved. The improvement cost includ...
Josh Anderson
First deal and 203k questions.
Dear BP!So after reading, and watching, and more reading. A deal I think fell in my lap. The quick and dirty.6 units, each is a 2-1, street parking in a up and coming area. Rent goes for 750-800 in the heart of Birmin...
Zach Henderson
Raising funds for improvements within a Lease Option
Hi Friends! The spreadsheet gods have smiled upon me and so has the owner of an 18 Unit property in Clemson SC (my home turf). I'm executing a lease option with the owner starting on July 1st with the intention of pur...
Zach Henderson
Raising funds while executing a lease option
Hi Friends! The spreadsheet gods have smiled upon me and so has the owner of an 18 Unit property in Clemson SC (my home turf). I'm executing a lease option with the owner starting on July 1st with the intention of pur...
Jenny Lu
I inherited a fully paid off investment property. What should I do with it?
Hi fellow investors,
I recently inherited a fully paid off investment property, I estimate it's worth $500k. It is currently cash flowing $1300 a month. I have student loan debt from grad school with a balance of $16...