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I have an interesting purchase strategy being presented to me, and I wanted to put it in front of the community here to help me poke holes in it. The situation: I have a family member who wants to help me out in grow...
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Hello All,I wanted to post this "idea" of mine and gather everyones feedback. The neighborhood in which my aunt lives has decent size land plots, my aunts house is approximately 4000 sq. ft. In addition to this she ha...
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Hi All,My wife and I just began our real estate investing journey and we're pleased to say we just flipped our first home. We know nothing about the taxes side of things and were hoping to connect with a CPA that is a...
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What is the difference between Homeowners Insurance and Umbrella? I own 5 SFRs through an LLC. They are all in one LLC. I am concerned, because one of them is not up to code, and it will take some time for me to get i...
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Hey there, BP Community!My name is David and I'm currently living in Chicago, Illinois. I've been looking into ways to gain some passive income for a while, but nothing got me quite as excited as BiggerPockets.com and...
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I am selling my residential investment property. It is debt-free. I want to exchange into a management-free investment. If I buy property which is leveraged, will there be a consequence in a future 1031 exchange?For ...
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I am a new investor looking to make my first deal, since I live in a small market (Tucson, AZ) I am now looking to invest out of state. I am looking to buy and hold tri/fourplexes. I came across Milwaukee Michigan and...
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I have a mid-size mult-family unit under contract. There is an opportunity to sell one of my existing 4plexes quickly through a wholesaler to help with cash flow. Is it possiible to 1031 that money into the purchase o...
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This could be a question I should have posted under bank loan but since I’m still very green, I decided to post this question here. For my first property purchase, I’m looking into conventional bank loan. My original ...
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So living in a townhouse in Northern Virginia and will be moving out, so planning to rent out the existing one.Have been reading about it and have few questions:1- All appliances work, paint is in reasonable condition...