Robert Iovine
Taxes on Flips (1031 Exchange)
Can you utilize a 1031 (LKE) to avoid taxes on a flip if the home is in owned personally? Or does the home have to be owned by a company to take advantage of the a 1031?
Alexander Persky
Share Your Experience Working with Family Members?
Hi everyone, I am just getting started in REI. I have about 6-8 months before I can realistically purchase my first investment property on my own. For that I plan to go the FHA route to house hack a property, ideally ...
Justin Summers
Question about using capital gains income for meeting Ratios on conforming loan/Heloc
I am looking to get a HELOC on my primary residence. The line will be over $500k so most banks process it similar to a regular home loan. It's been about 20 years since I have gotten a mortgage since I usually pay ca...
Sam Leon
Trying to understand lending when property appraised below contract price
I have a situation where the property I have listed appraised below contract price.This is a condo unit in south Florida with an HOA.As an example, the contract price is 250k, there is an adjacent condo that recently ...
Ryan Blake
TEXAS FLIPPERS: Where are you finding most of your deals?
It is very tight up here in DFW.-Auctions are going at about 85-90% of ARV less repairs-MLS is getting bid up by owner-occupiers-Wholesalers are a joke these daysI am in the process of starting my first direct mail ca...
Harpreet Walia
North Carolina - Rental Investment
I am from New Jersey and this is where I bought my first primary residential place. In the process of buying my first property, I have learned that property taxes play a major role in how I want to buy my next investm...
Tim Steward
Conventional Cash Out Refi on an FHA loan
Hey guys, I am in the educational/planning phase of my real estate investing career. I plan on starting out with a house hack using a low down payment to buy a duplex and rent out the other side. I would love to incor...
Joseph Shevy
Refi FHA to conventional? Advice/guidance?
Hi BP,I just purchased my first property on 3/31 of this year through an FHA loan. It is a duplex and I am living there now and going to start renovation very shortly. The house was appraised for 107k and I have a not...
Kiran Vemula
Please suggest : Apply for HELOC or Sell the Rental property
Hi All, I have a newbie question.
I have a town house in Jacksonville, FL. I lived there for 3 years, It’s my rental property (1 +Year). November 2021 it will be 5 years since I own the property. Now the property has...
David Doyle
Can Lease Option Sellers Qualify For New Mortgage ?
I just learned today that many times if a SELER on a lease option deal leases their house out on a option to an investor., is now NOT in the POSITION to QUALIFY for a new MORTGAGE on a new house he can move into.I ...