John Pearson
First Time Poster- Cash Out Refi or Sell
Hello, I would like some advice on a property that my family owns.It is two SFR's on one lot (detached) in LA County that was bought in the early 80's and is now owned free and clear. It has an NOI of ~30,000 and I th...
Sean Dezoysa
Having to walk away from a bad "subject to" deal
I've read that the worst case scenario in a "subject to" deal gone awry is the seller & tenant sue you. But I'm not sure what they'd be suing for and what the potential liability is.
Has anyone seen or experience...
Abou C.
Type of legal entity?
Plan on acquiring a 2-4 unit in RI/MA next year with my business partner, I believe getting a LLC is the cheapest form there is compared to others options. But I have some questions I want to ask experienced investors...
Joseph Duenas
Purchasing a foreclosure and previous owner won't leave
I'm in contract to purchase a house that was purchased over a year ago in a foreclosure auction by wholesaler/ investor. The right of redemption is up, and the current owner is selling it to me with a significant amo...
Paul Cijunelis
S-corp vs LLC in Illinois
From a tax perspective, after consulting a CPA friend, these are pretty much the same. At this point I want to start up and incorporate but am unsure the legal differences.
I am forming a partnership (two people me a...
Cameron Snyder
1031 Exchange - Debt, syndication, partnerships
Hi all! My husband and I are currently selling an investment property with the goal of a 1031 exchange and have some questions around the debt component.
For simplicity's sake, if the property will sell for $1.5m ...
Forrest Wilson
1031 Exchanges on VA Loan Properties?
Hi I currently own a rental SFR in another state which I used to live in. I have a VA loan on it as of now. I am debating selling the house and buying a small apartment complex or mobile home park.
Is it possible to ...
David Levine
Selling a condo in Los angles and want to purchase out of state
I have a rental condo in LA and planning on selling it. It should get 300K give or take. I have a note of 118K. After accounting for improvements and depreciation I have a cost basis of about 177K. I am looking to acq...
Randall Cornelison
Rubbing my chin . . . contemplating a new course . . .
Hello all,I currently have a few single family rentals in Oklahoma with some good equity. I am 55 yrs old and would like to increase my cash flow to ensure a more stable retirement . . .We all know SF rentals are a "...
Ran Fridman
Cash refinance and than 1031 how it works ?
Hello guys, we plan to take cash out refinance from one of our houses that are paid off ( no mortgage) and then 1031 exchange sale.
Appraisal for our house value $ 200,000
Step # 1 - Cash out refinance $ 140,000
...