Robert Larue
Unique PMI Situation, what can I do?
Hi all,
I am purchasing a single family home (It was originally a duplex, and is still zoned as a duplex, but the current owner turned it into a SFR). The bank appraised it as a SFR, did my loan as a SFR (5% down), a...
Robert B.
Long Island Rental Property : Buy or Pass??
Searching for deals on Long Island is tough given high prices and high taxes. Here's a decent SFH in well-kept working class neighborhood, nice street, near plenty of commerce and transportation. This deal cash flows ...
Matt Westphal
1031 exchange and Brrrr.
If I sell an investment property and put the equity into a 1031 exchange can I use that to pay cash for a house and brrrr?
Nick Janovich
My head hurts from thinking about tax methods.
As my first year of real estate investing winds down I'm starting to think of pending tax preparations. I had a lot of questions, found a few answers, and am generally left with more questions. I purchased two propert...
Nathaniel Nooner
1031 exchange rules for next property?
Is it possible to take a 1031 from a property I have for sale and use it to build an investment property on a lot I currently own? This will be my first 1031 one and don't know if this is possible or not. Thank You
Ashish G.
Reverse 1031 Exchange
Folks,
I am looking for anyone who has done a reverse 1031. In this you buy the new property first, it is held under a SMLLC title by 1031 intermediary and then you sell the existing property.
This eliminates the r...
Cooper B.
Clarification on Right of Redemption in Alabama
I'm hoping someone can help provide some clarity to me regarding the right of redemption law in Alabama.Say a property is foreclosed and sold back to the bank on the courthouse steps. The bank turns around and sells ...
Brendan Chisholm
Fannie Mae Homestyle Loan update and lessons learned.
I recently wrote about my experience with closing a Fannie Mae Homestyle loan and going through the vetting process for general contractors. Fast forward sixty days, and I wanted to provide some insight into renovatio...
Chris T.
Realistic Expectations of Contesting an Appraisal
So I just received an appraisal for a rental property that I did some rehab work on and am in the process of doing a cash out refi on to pull some of the equity out to pay back the rehab work and possibility have capi...
James Coleman
House Hacking question
Hello, im new on bigger pockets and interested in using the house hacking strategy to break into real estate investing. What percentage of monthly mortgage payment needs to be covered to be a smart move?