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I have an opportunity to get in on a condo for $92,000 in Michigan (not Detroit). It is 1400 sq ft, 2 beds, 2 baths, 1 car attached garage. The condo was built in 2003. It needs new linoleum in the kitchen and bathr...
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We have a co- op which we inherited when my father-in-law passed away. We have someone who wants to rent with an option to buy after one year. We were only asking for a security deposit and $1800./mo rent. Do we have ...
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Finally pulled the trigger on my first rental property. Hopefully I can get the reno done in 6 weeks and rented by January. I have read the books and listened to BiggerPockets. Any advice is welcomed. I need to get a...
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I will be a cash buyer in 2019. I have to make sure I succeed in acquiring my first rental property.I want to dedicate the next one year and three months to studying the real estate investing craft to make sure I don'...
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I'm planning on doing a 1031 exchange with a friend where we agreed he would put 10k down and I would do seller financing for 140k for five years at 10% until he is qualified for a mortgage therefore paying me the bul...
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Hello, I am looking into the idea of working with wholesalers as a way of acquiring properties. I already am receiving numerous deals in my email inbox from a variety of wholesalers but have not yet pulled the trigger...
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Hey BP! I need help structuring this deal and the owner contract. There are some items I don't know how to approach. The seller's situation: She is an elderly woman who's daughter is helping sell. Daughter is POA. Se...
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Hey All,
I'm a Los Angeles based real estate investor with 12 units and over 30 transactions, but none have been a Sub 2. Seeking advice on how to proceed. The deal was brought to me by a wholesaler...the property i...
Hello all!After marketing for sellers I have quite a few highly motivated sellers lined up in the Volusia and Orange county part of Central Florida. After speaking with my Attorney I am saddened by what she told me a...
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Does anyone know if a Lease Option contract would trigger a sale and tax payment for a property held as a 1031 exchange property? Thank you. David Gorman