Dan Marl
How soon can I use money from refi cash-out for a down payment?
Hello everyone. A few months ago I bought a house cash. I was able to rent it out and just finished cashout refinance with an LTV of 75%. Can I use that money for a down payment for another house right away?Will the n...
Marie Z.
How to report 1031 exchange on tax returns
I am wondering if there is anyone on this site who can advise me on how to fill out forms to report a 1031 exchange for 2020. We sold 2 houses and purchased 1 by doing a 1031 exchange. I know I have to fill out 8824 a...
Joseph Duckett
1031 Exchange Question
Hi All,
Got an interesting situation and wanted to see how you all would handle it.
Bought a lake house in TN (near my hometown) for $250k. 50k. from our HELOC and then financed the other 200k. We were going to...
Alfonso Andolz
What are the details and processes of a "second to" deal?
I understand what a "second to" basically means, but who has to be part of it, what documents are needed, and what is the flow of the process?
Dustin Moss
Getting loans without income
I am receiving a settlement for a few M's anyway now. I am putting my two weeks in at work to take time to move into a new house and fix my house to rent. I plan to create income so I don't have to end up going back t...
Pavel Feldman
Looking for an attorney to dispute the unauthorized repairs by my property manager
Hi, my previous property management billed me for the repairs which I either did not approve or the billing amount was much higher than quoted. Since I received those bills after I left them, I declined to pay for the...
Dan Sieg
How do get bank contact info
Hi, I'm looking at some REOs in my area and found one I'm very interested in but don't want to go through the realtors listed on the website (RealtyTrac.com). I'd like to get ahold of the bank directly and inquire abo...
Christopher Figueroa
Investment Mortgage - Irvington, New Jersey (Essex)
Hi All,I'm under contract for a 3-family in Irvington, NJ. Went under contract in April 2018. Finished attorney review. Finished Inspection. Finished negotiations. Currently obtaining investment mortgage as pro...
Peter Bronk
How to pay off borrowed downpayment when doing a 1031 exchange
I purchased a four unit building early this year. Part of the down payment was borrowed using a 2nd mortgage against another building, so my real equity is lower than the building value less the 1st mortgage. Financ...
Ronald Cooperman
Note buying - foreclosure
We invest in new jersey. Buy and hold. In our area another investor has ran into financial problems. His properties are over leveraged. One bank has put 3 of his notes up for sale. Each note contains 6 properties. T...