Blake King
Financing next property with Live in Duplex Rent / Payment
Hello Everyone!(tl;dr below)I met with a Mortgage broker a few weeks ago, and came away very discouraged. I am currently in sales, with about 1.5 years of commission, getting close to the 2 year mark so it can qualify...
Hector Serna
My offer was accepted!
Hey guys, so if you guys go to my previous post, you’ll see that I was debating on whether or not taking on a 180k short sale, 1959 build, single family 3Bed 1bath, 1.9k mortgage as my first long term investment. The ...
Curtis Steinman
Flipping in a Self Directed IRA
I am looking at rolling my 401k into a self directed IRA with checkbook control in order to flip properties. I will be buying the properties using case from the SDIRA and reinvesting the profits back into it. So I w...
Brandon Komp
using IRA to buy real estate
Hello BP members!I've listened, read and debated a lot of material about using retirements funds in a self-directed IRA to invest in real estate. The rules seem really cumbersome and complicated, and since I'm still f...
Hasan Hamdan
Bankruptcy Short Sale
What do you say to a seller when they ask how does a short sale benefit me after I've done bankruptcy? Are there even any benefits? What I've been saying mainly is that its added protection and gets your name out of i...
Rahul Singh
Need your input BP
Hello Everyone,I need some advise from you all.We are purchasing a new home and have some equity in our current home. We have the flexibility to not touch the current property and rent it out. However, I'm not sure ...
Lydia DeAngelo
Lender Verbiage Legitimate?
Hello, I have been reaching out to some ads I've seen about a loan. We are hoping to find something that will cover us quickly for about $30k at ideally between 3 - 5 year terms, not less than 2. I've gotten some resp...
Matt Markel
How do you show someone who is eternal pessimist the advantages of real estate investing??
My mother in law is someone who has very deep pockets, cash of roughly 250-300k. She is very open about her finances and income. She is always the "Debby Downer" type, on everything. I would love to show her a c...
Paul G.
Simple 1031 Exchange question
I have a question regarding 1031 Exchanges in regards to depreciation recapture and capital gains Taxes. This is purely hypothetical, but I want to look forward to make sure I'm structuring everything correctly. Als...
Amy F.
Backwards short sales?
What are these so-called backwards shortsales? One guru is claiming you can make 50k on one property. All you have to do is find a high end home, homeowner who needs to shortsale. This guru partners with you to buy...