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Two rules as I understand it are in order to defer all taxes in a 1031, newly purchased property must be equal or greater in value of the net sales price of relinquished property and carry the same leverage (loan) of ...
TLDR: New investor with bad credit. Should I get a credit card to improve my credit? What other steps should I take when starting out?
Hello everyone,
My name is CJ Goldsmith. Im brand new to anything involving real...
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Bought in Sept 2011 for about 130k, Rehabbed by end of Dec 2011.
Rehab costs were about 45k
Holding costs from Sept-Dec were about 7k (monthly loan payments, utilities, taxes, insurance)
182k rehabbed. The place i...
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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...
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I’m looking to dive into real estate in the next couple months, probably via fix and flips. My starting liquid funds are about 100k cash, 150k HELOC, and 250k in a self directed IRA. I’d like to form a partnership wit...
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My partner and I decided to Team up and invest in his home market of South Jersey. We recently bought 6 cheap properties up there and have 4 rented so far. The goal of course is the BRRRR strategy - Buy, Reno, Rent, R...
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Hey BP! My REI company has been lucky enough to experience growth these last few years and have recently closed on a purchase of 35 condo units in cash. After decreasing expenses, improving some of the units that need...
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How would you finance this value add MHP? Here are the details:
-28 lots currently rented, 32 more are cleared with utilities run
-of the 28, 15 are park owned homes, 13 are lot rent only
- The plan is to get the ...
I have commercial construction project management experience and I have owned a few restaurants and other successful businesses (unsuccessful ones too). I know how to manage trades, conduct plan check, schedule inspec...
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Hey everyoneI have a noobie question I was hoping the group could help out with. I'm doing my first construction loan for a rehab project and gave the first draw to the borrower. Draw was based on invoices and receipt...