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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...
I'm curious if this idea I have makes any sense whatsoever. I'm a home owner and have some commercial real-estate. Moving to another state, so need to move my house that needs repairs/upgrades (mostly cosmetic) but ...
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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 ...