Account Closed
Why pay for insurance?
I've been dealing with insurance companies and am convinced this is the biggest scam in the world. Every year the premiums go up and if you have the audacity to ever make a claim, they raise your rates and try to p...
Andrew Giancola
Is This Off Market Strategy too Invasive?
Hey All! I have a strategy I was going to test but wanted to get your opinion first. It is pretty simple.
You find an off market property you would like to mail. Instead of mailing, you research the owners name and ...
Tim Kaminski
First Deal Done- Thoughts?
Posted this on another Forum with little to no feedback. Hoping for more criticism.BP,Completed my first deal back in February of 2018. Wanted to get some advice on what I did wrong/right, what I should try to do be...
Nancy Tran
How Do Commercial Loans Work?
Hi,I am attempting to secure financing for a five-plex via a commercial loan. This is my first real estate property, but it's older and the loan amount is small (less than $200k), so the banks and credit unions I shop...
Thomas Bryan
Capital gains tax on a four unit that I lived in for 4 years-1031
Hello BP! I have a few questions regarding the sale of my four unit apartment that should be a CPA's dream! I bought the building in 2013 for 74,000 as a three unit that needed work. I since converted it into a four u...
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CA. Investing
Prices are so high in CA. That's what I thought last year so bought out of state. Missed out on some good opportunities here. Now houses are sitting longer and prices are dropping. What's the best strategy in CA. at...
Daniel Demint
Cash-Out Refinance for an Investment Property
Hi All! I'm brand new to Bigger Pockets and I'm looking for some information in this amazing community. My Fiancee and I purchased a HUD home 14 months ago to be Owner Occupants. We paid 26 for it, it appraised at 54 ...
Jung Won Kim
MultiFamily Property Taxes
Is the property tax based on purchase price? For instance, if property tax is 1% and an apartment sells for $10MM, would the tax be $100K per year?
I'm asking this because hypothetically, if the previous owner purch...
Sean Elliott
Increasing cash flow using Equity Line of Credit
I'm in the process of acquiring a equity line of credit on my investment property. I am considering doing my own escrow and financing the entire property through the HELOC because the initial rate offer of 8.64% is hi...
Rachel Johnson
stuck trying to rennovate
I purchased a ;property with two houses. My intent is to occupy one and rent out the other. I wanted to make some quick renovations that I was told would only take a few weeks. It has now been 6 months. The guy that...