Since you are able to carry only 1 FHA loan at a time, I thought that it would be reasonable to maximize its potential. I will briefly describe what I am referring to. Through an FHA loan, you are permitted to purchas...
I'm a General Contractor in the South Florida area. I've pretty much just worked in the commercial industry and I'm aware that business is conducted differently in the residential rehab market.I was just curious to kn...
I have a buyer who wants to put $40,000 down on a $94,000 purchase . Term is 12 months. Will pay off remaining balance with inheritance. I really want sold and it has knob and tube wiring and other older features that...
I purchased a house in 2010 and sold it for a large gain with a 1031 Exchange last year. The exchange was done on 4/5/19 for a large lot which cost a total of $270K. The large lot was subdivided into 3 smaller lots,...
Hello all,I have a couple of questions about completing a 1031 exchange. 1. The property being sold is under contract and scheduled to close in a couple of weeks. Can I begin making offers on new properties to buy or ...
I am trying to organize the purchase of an apartment building from a colleague. The building has doubled in value since he has owned it, and he does not want to take the huge tax hit from selling, but he does not want...
For example, I have 8 properties average loan to value around 50%. I want to consolidate into 4 properties, all paid off.Form my understanding of 1031 rules, this is not possible. I still want to ask, even if I sold o...
Hello,I have a relatively complicated situation (this is my first property) that I am looking for some guidance on - any guidance you can offer would be much appreciated!The situation:- I am under contract at $265K f...
Hello BP fam!I'm a real estate agent in Tampa Florida with a client out of my normal area of expertise. A friend reached out with a referral who needs a 30,000 sq ft warehouse with pretty specific criteria in the next...
I am looking for lenders who can help finance or refi properties that you cannot typically get title insurance for in the first 6 months up to 2 years in some cases. However, you do get a Sherriff's Deed for the prope...