I am located here in Kansas City and curious what you Pros think regards to holding vs flipping properties? What are the advantages and disadvantages?
Hello to the BP Universe. I have just started listening to the podcasts and have already learned a ton. I was wondering if anyone could help me out on my question. My wife and I have a single family rental home in Atl...
I am selling a flip and expecting a 40k profit. Here's what I want to know:Can I do a 1031 to acquire a property for 130k, using the full 40k for a down payment. Then pull 70% of that back out via refi without having ...
Hello All,I just got back my K1 from the accountant on a property that I purchased in 3/2013, rented out and then sold in 6/2014. The K1 has all of the profit listed on line 1 as ordinary business income and does not...
(whether it be via bird dog, wholeseller, FSBO)
After you've located and viewed a property, is a letter of intent the next step?
If the initial offer is not accepted, is one new letter of intent needed for every ...
I have a sfh that I've owned for over 3 years. It has never been rented out. But that was the original intent at the time of the purchase. Then life happened. Property was sitting on sideline. 3 years have passed - t...
If I am buying a new property or multiple properties out of a 1031 exchange, can I use a hard or soft money lender, so that I can also get money for rehab? I would refinance if I am going to hold the property, but if ...
I’m new to investing and have been studying and educating myself in whole sale. I am unsure how to get a contract of assignment and I’m unsure if it’s possible to 1031 a deal that I wholesaled into a rental.
After I sold a flipping property ( single family residence), can I use the profit to purchase a rental property ? Is this qualify for 1031 exchange?
Second question, may I use the flipping profit to purchase a renta...
I recently closed on a 14 unit MF property in Central NC. I was able to get it at a fairly low basis and it appraised well above the contract price.I have spoken to brokers that have told me if they being me an offer ...