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I need some quick tax knowledge. I've currently accepted an offer of $760,000 on a property with a $655,000 loan. My real estate agent is getting 5% about $38k so I'd have $64,000 in capital gains. How much of tha...
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Is it possible to get a loan to assist in splitting a lot off a property I already own? I have 14 acres and will be splitting to create a new 3 acre lot. If I borrow about $20,000 for the split and improvements, lot w...
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Hi. I am assuming that with REO's, I would put my offer in a better position if the money for purchase was all my own and not any kind of loan.
Do HML ever lend on just the rehab costs or must they all be in on the ...
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Investment Info:
Other commercial investment investment in Jesup.
Purchase price: $977,000
My team and I closed on a hotel syndication. In this deal, we purchased a property by assuming an existing loan ...
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BP Community, we did it! My fiancé and I just closed on our first 3-unit multi in Southern Maine and are so excited to finally be off the sidelines, out of my parents basement, and in the game!The property is currentl...
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Hi Everyone,
I am looking into buying my 1st rental property and my goal is to constantley get the money out and buy the next one, so my question is when you take a loan the bank usually requires you to put down 20-2...
Hi, my name is Phillip and this is my first post.I've been listening to the podcasts and have been inspired to get back into real estate investing. This is the story of my first deal: I moved to Philadelphia to attend...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Middletown.
Purchase price: $245,500
Cash invested: $20,000
Buy & Hold - House hacking
First project, renovated ma...
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If you are purchasing investment properties and hanging on to them for a while, doing lease options etc... you can greatly improve your cashflow by doing an interest only loan on the property, you lower payments drast...
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Hi BP,If you have an investment property that you did the BRRR strategy on but want to eventually do a 1031 Exchange, does the capital gains credit based off of the original purchase price or the new loan on the prope...