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I'm looking into purchasing a property that is being marketed as an "Extended Stay Hotal/Apartment". I was looking into multifamily apartments, but this one popped up. All of the tenants are week to week and pay in ad...
I'm starting on my journey as an REI and am hoping someone can help with the legal aspect:1) As I'm reading forums and accumulating everyone's "house hacking" ideas, there's been a conversation about Series LLC: one h...
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I am looking for advice and ideas from those with experience with 1031 exchanges. I have a family member in the process of selling their business and was recently advised to consider a 1031 exchange for the portion of...
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Hey guys,
Here is my situation. A couple months ago I purchased a SFH for 57.5k, put 6k into rehab with a loan of 50k. It will probably appraise for 85-90k, so at 75% LTV it will come out to about 64k lo...
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My plan to use a HELOC for a down payment on a new property fell through today. I originally got my mortgage through Lending Tree, and it has since been sold to a different company, so today when I called about the...
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Hello, I'm new to BP and have a few questions. I've asked a couple of realtor but they didn't know. So here they are:First, my wife and I purchased a home with an FHA loan a couple of years ago, we then refinanced i...
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Greetings all,
My first investment property has become a victim of Superstorm Sandy.The one family house is now without electric, heat, or hot water.It will likely be months until essential services are restored.My t...
Hi all,Only recently discovered this whole word so excuse the ignorance. Curious for assistance here. In my personal life we avoid debt at all costs and have a paid off primary residence, don’t use CC’s etc. Relativel...
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Hi All,
I apologize if I am starting a thread that has already been answered but seeing how the new year is close upon us and its time to break out the pen and paper and write down those resolutions I am curious...
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I've posted on this topic before but I find myself needing to understand this better. And what better place to turn then bigger pockets!
I want to get into commercial properties. Mainly apartment buildings. Id like ...