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Greetings all:We own 3 rental properties in the Dallas area, paid for free and clear. They are held in an LLC. Total value of all three is about $150,000. I want to tap the equity in these properties to build a rental...
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I plan on putting a call into my tax preparer as well about this, but figured I'd ask you all to start: My partner and I have 2 multi-families: a duplex and a triplex. We're still getting our feet under us and system...
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I've been waiting on a short sale for 6 months with no final answer. I'm getting concerned the short sale may never get approved.
I started my search again and found a second home that's also a short sale. I'd lik...
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If there are multiple offers on a property you are interested in, should you make an offer higher than the listed price? That is, given that your numbers still work out.Looking for opinion from savvy investors to lear...
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Hello BP! We are new REIs in Maryland. We are looking at purchasing our first multiple family unit. However, we’ve noticed that most of the multiple family units in our area are very old. Most of them were bu...
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So I found a deal that I am interested in wholesaling. It's actually 10 properties owned by one person. 7 of which are fully rehabbed, 3 need 25-30k rehab. Gonna purchase as package, sold to end buyer for cash.
My d...
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Hello I am wanting to purchase 3-4 duplexes that are priced between 30-40k each and was wondering if I could get a mortgage for all of them instead of one mortgage for each property? With these properties being so low...
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There is a potential that I may have the opportunity to flip properties in multiple states. Should I establish a business in each state, or will the state I primarily do business in suffice? What are the pro's and co...
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Hello BP
I have 2 properties and currently in the process of acquiring my 3rd. I have been cave man styling I guess the paperwork on the 2. I would like to become a little more organized.
Just want to get some idea...
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Hello All,I have resigned from my W2 job and going into independent consulting. As a result, further conventional loans are out of reach until I have 2 full years of tax returns. Come Q3 this year, I will have 300k ...