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Hypothetically, if I was a real estate agent and had a friend from a different state who was buying a property there, could I be his buyers agent (assuming I have a licence for that state) without ever having to go to...
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Hello everyone,
We will be moving to Halifax (NS) area next spring. I have about CAD 500k to invest and I am keen on building a real estate portfolio. Total newbie here, so please share your wisdom ! Pointe...
I am looking to buy a home from a family member that needs renovations. I have been researching information about 203k loans. Does anyone have any insight or experience using this type of loan that they can offer. Sta...
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No one accomplishes anything alone! YOU NEED A TEAM!!! The Mentor, The Realtor, The Accountant, Contractor, The Property Manager, and Investor! Who are you missing on the team? Did I forget to add someone? How did you...
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So I was recently on the hunt for a new CPA, one that focused on Real Estate strategies. One interesting strategy he mentioned that really stuck out to me was "forcing depreciation". He didn't elaborate too much on th...
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Hello Everyone!I’m closing on a 4 unit in Little Village next week. I have rentals in Cicero and always charge security deposits. However I’m leery to do so in Chicago. It seems too risky with the current laws. I’m d...
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Hi BP'ers,So i purchased a duplex all cash and i went to my local lender at chase to get a ReFi and was told that they cant do it since my holding period is less than 12 months. Are there any alternative ways/lenders ...
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When analyzing a multi family property for potential house hack, should I expect cash flow in the first year or would it be acceptable to not cash flow until I move out? Does this also mean the 2% test and 50% rule wo...
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Hello everybody, Like the title states, they were good tenants that gave me more than a 30 day written notice. I was able to rent out their old unit without have a vacancy period. Now, would you guys return their depo...
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Does anyone understand the rules of a 1031 exchange?
Is it true the acquired property's purchase price must be higher than the net sales of the exchanged property?
If a property swap occurs of different...