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I own and self-manage a 4-plex in a neighborhood about 30 minutes from my house, 5 minutes from my place of employment. I plan to purchase an internet plan for the site and install a mesh wireless router system to boo...
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I have a question for all the BP experts.I am fully aware (and abide by) all owner occupant requirements when dealing with any type of government owned/marketed homes (HUD, Homepath, etc).However - I ran across a new ...
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Hello my fellow investors.. I have an interesting situation with a bank owned property! I was suppose to close on November 1st, 2019, after learning that there was a $9,000 dollar lien on the property the closing was...
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Hope everyone is having a great day, I will jump right in as i am still pretty new to real estate investing. I found the best way for me to get started was by wholesaling properties. The strategy i have been working o...
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Hello Everyone
Im a newbie in CT looking to begin her first flip! I'm looking into REO homes to purchase, rehab and possibly occupy for up to 3 years prior reselling. (tax incentive)
Although there will be instant ...
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Is there a time limit on how long I must have owned a property, before I can sell it and 1031 exchange the proceeds into something bigger? If so, how long?
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I've never done a 1031 exchange before and have a couple basic questions. FYI I am closing on a property soon (I have a LLC) that I may try to immediately resell.
1. Do you need to have held the property for a certa...
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Hello Everyone,
I need some advice. I was just preapproved for a FHA or Conventional Mortgage through BOA. The mortgage amount is 130k and up to 275k. The bank rep told me I needed to show proof funds in the amount o...
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BP forum, I have questions and I know you have answers! Althought I'm always reading the latest blog, this is my first time posting on BP.
I will post my current dilemma, if anyone has had a similar situation...
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I received an offer for my property where he would pay my equity (300k) then use an "All-Inclusive Trust Deed" to make the payments on my mortgage (900k). He also suggested a 25k escrow account to make up to 4 pay...