We recently did a reverse 1031 where I work. It was quite interesting as I am not familiar with this. The properties that my employer had up for sale had to sell and close within six months. We were very close to t...

Do you have to have an LLC when wholesaling?

Greetings All,I'm currently in talks with a very motivated seller that is looking to sell a one-story 3BD/2.5BA SFH. She owes a mortgage of approximately $107,000; her asking price is $125,000, but she is flexible. Sh...

From a modelling perspective what are the typical seller costs (fixed or % of sale price) that you model for closing costs on small, 10 - 20 door properties?- Broker’s commission(s), Title, Recording, others?Which of ...

This is likely an over-engineering some more simple transaction, but thinking aloud here. My mom has a considerable amount of equity tied up in her house and it makes sense for her to unlock some of that cash now to t...

Hello, I am looking for advice on forming a LLC and putting 2 properties in there. One in ny and one in nj.

Hello, I have two puzzles I'd like to solve: 1. Is there a way to have my RE company pay for an insurance policy AND it be tax deductible?2. Can an LLC build / own a house and rent it to the owner? Or the owner just h...

Hey all,I am looking at a single family property that is surrounded by multi-family and commercial properties. I have asked my agent to look into the zoning on this plot to know if it is zoned for mutli.In the mean ti...

With housing at the forefront of most political debates these days I’m sure we’ll some changes with this administration in regard to real estate & how it might affect investors. What states are looking favor...

Hi BP'rs,I started investigating Cleveland area and found Parma as a good starting point from numbers perspective (Rent VS. house prices, low unemployment, high relative income, etc.).Does anyone around here invests i...