Matt Smith
Partial 1031 exchange
I am planning to do a partial 1031 exchange but I am confused.- I thought the rules were that in order to do a 1031 exchange I need to buy a property of at least the SAME (or more) value of the net sale of the previou...
Joon Lee
Need DSCR $75k+ Lender
I'm trying to buy SFH with DSCR 30yr fixed, but loan amount will be $75k-$85k less than $100k in Memphis, TN. I contacted cpuple lenders thst I worked before, but their minimum loan amount $100k. Please contact me if ...
Luis Ramos
Is BRRR dead in 2024???
Nothing cash flows at interest rate of 8% and property taxes at 3% (in Texas).
Although I did 12 BRRR deals, in my opinion it is dead in 2024!!!
Prove it otherwise, preferably with HUD statements.
Tyler Blodgett
All Cash Deal with Mortgage Soon After vs Mortgage Upfront
I am new to this, so I hope I am doing this right... I feel like most people start their discussions with a brief intro, so I figure I will do the same... I believe I am in a unique situation, and am primed to jump i...
Curt Davis
What Is Considered Acceptable Cash Flow When Purchasing Turnkey
So lately I have seen other BP members posting about potential turnkey deals they are considering and they will at times show what the numbers look like and then basically ask for others opinions on whether its a good...
Kyle Winters
1031 into BRRRR (what to be aware of)
I’m going to be selling 1, maybe 2, single family homes that I have some decent equity in and 1031 each. One might net me $75k to use, and the other would be around $65k. I’m looking to do my first BRRRR’s as I have g...
Joe Einbinder
Income taxes on rental properties
How much of your profits are eaten up by income taxes on rent paid each year?? I know you get deductions for depreciation, and maintenance but even after that, it seems like any profits would be eaten up and possibly ...
Khandbari Rai
Sit on equity or Cash out to invest
I am at 2.75 % with decent amount of equity. Is it wise to cash out refinance for REI at higher rate ? Looking for suggestions . TIA
Lee Griswold
Cashout refinance BRRR (please explain)
My first House I bought when I was 25 for 90,000. It is a 2 bed 1 bath single family. I have 7 yrs left on my loan and I owe 36,000. The mortgage payment is 800 a month. At my last appraisal it was worth 140,000. I c...
Felipe Ocampo
New to 1031 Exchange
I am currently selling a rental property(just signed the offer) that I have had for about 6 years and just realized that the capital gains will probably be pretty steep so I may want to do a 1031 exchange. I originall...