I had intended to sell about $5.3MM of rental property and simply use the profits to may off debt on other notes. However, I'm told my tax basis will be close to $2MM after depreciation recapture.
Does anyone ha...
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I've read that they are not your best in real estate investing. I plan to wholesale , are condos or townhomes a tough sell ? My plan was SFR
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I have an opportunity to buy a 12 unit property in michigan. This would be my first property larger than a duplex. It’s $670,000. What are my financing options? Adjustable mortgages make me nervous...Thanks! Paul
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As of today, Decempber 7th, 2020, Fannie Mae and Freddie Mac put out new Resort Condo Guidelines that determines if a condo project will be considered ineligible for their standard financing options. From the rough o...
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Post 2: Looking up Tax Maps for Jersey City
This is the 2nd post in my series about online tools useful for investing in Jersey City.
You can check out 1st post here: Jersey City Online Tools Post 1: Tax Assessment ...
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I am doing a 1031 on several properties I have in California, I am having a hard time deciding on the best options for the exchange. I'm not sure if I should find something locally in the bay area or out of state. I'v...
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I hear its not a good idea to look for properties in the "hood," is this true??
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Hey Bp members! My uncle passed away recently and I want to get a tattoo he had which was a cross on his right arm. Do you feel like this would be a bad move? The cross would be up pretty high towards my shoulder, and...
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I see on most of the forums the 70% rule, 1% rule on rentals, etc. etc.My observations have also seen most of these posts and numbers talk about places in the midwest or middle america. I live in SoCal and would love ...
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I’m wondering if anybody else has had experience with the lender using the current leases and the rental income on a property that the buyer is purchasing Towards their income?