Thomas Weiss
What to do with my savings for down payment
Hey everyone! Im an investor in Chicago and I’m looking to get into my first real estate deal within a 2 year time table. My question is what to do with my savings for the down payment, closing costs, etc?? Should I p...
Pierre Toussaint
Currently renting but want to get an FHA loan
Hello all,My wife and I are currently renting an apartment. We are new to REI and are considering a house hack situation where we purchase and live in a duplex/triplex and rent out the other units. We want to take ad...
Theresa Reynolds
Changing jobs during/after mortgage process ?
I am a teacher and I’m done working at the end of May. I’m playing with the thought to get a real estate license instead of signing on for the next school year. I’m looking for an investment property but also for a ho...
Michael Sherwood
Rent Vs. Buy
I currently rent an apartment but I am wondering if it would be a better idea to own a place just because hey you can build equity. The main thing that is holding me back is I may only be in this area for a few years ...
Joe Farrance
Looking for Capital Gains answer
Hello 4 years ago I got married and we now have 1 house we live in and rent the other one out to a family memberQuestion is:If we sell one or both houses would we have to report the capital gains?Thank you
Patrick H.
Selling Rental, Buying Personal Residence
If I sell a house that was a rental for 2 years, can I use the profits to purchase a personal residence (without a capital gains tax)?
Rental House: sell for $200k (gain = $50k)
Sell through a 1031 exchange?
Purchase...
Courtney Edwards
FHA 2/1 Buy Down Program
Can anyone familiar with FHA 2/1 Buy Down Program shed a little light. From my understanding its a loan that allows you to buy down your interest rate for the first two years of your mortgage. The third year your mo...
Wil Reichard
Do I NEED a lawyer / attorney to handle a 1031?
Hey All, Thanks for taking the time to read into this. I am selling my first home (previously owner occupied) in about two months and would like to utilize a 1031 so I can defer roughly 72k in capital gains. I know I ...
Gabriel Torion
House Hack vs. a Fix and Flip as a beginner. Advice and ideas to bounce off of.
Noobie here. I have no properties, but I want to start my real estate endeavors with either a house hack or a fix and flip.
I'm in the Twin Cities, so my target market is North Saint Paul or the suburbs of the Twi...
Chris Ganz
Good morning from IL !
Good morning Everyone! My name is Chris, and I am a relatively new investor within the last two years. Although I have been active within the last two years I have only recently begun to use / listen to bigger pocket...