If $1m is invested by LP and annual cash flow is $200k for 5 years and asset sells for $2m, lets say for simplicity split 8% pref and 60/40 thereafter, so LP gets $150k in theory per year on cash flows before selling ...
Morning Everyone,My wife and I know its possible to have two VA loans, but we dont know if we can purchase 2 multi-family units. I know the VA has a rule that only properties up to 4 units are qualified. However is th...
Hi guys,
I just purchased a home warranty plan for a property that I own as a rental. I think many people here would think this is a terrible idea but I think the benefit is in the nuance so let me explain.
First, h...
Hi There!I own a commercial building with 1 partner in OR. We are looking to sell, and I am hoping to 1031 my share of the sale but my partner is not. Currently we own the property through a shared, two member LLC.In ...
Hey everyone! Quick questions that I am hoping someone with experience in owner financing can answer. I am seeking owner financing on a single-family deal near me. The seller is up for it, but the mortgage does have a...
I purchased a property at the steps of the Norwalk court house in the past and the process was seamless. I showed up, waited for the bid, no one bid against me, I paid in full. I went to the recorders office and tha...
I'm looking for better understanding about short sales and real estate commissions. I apologize for the length of this post.
The short sale has not been approved because of the 2nd with Chase, but I want to ignore ...
Hello BP!My name is Mike and I am new here. I am a 28 year old from Peoria Illinois. I got into real estate a few years ago after messing, or should I say guessing, around with stocks. It was not for me, but it did ge...
Recently, I came across a lender (not sure if Hard Money Company or Private Money) who will provide loans based on the equity you have on your current properties. The beauty of it is that you receive all the money at ...
hello, i am trying to get the numbers correct here - what is the tax consequence %/share/portion for living in a replacement property purchased with 100% of 1031 funds? Lets assume I have 100k of 1031 money.My though...