Hi. I need some guidance. I am new here in Bigger Pockets and I purchased a rental property in San Antonio, Texas back in 2019 with little knowledge back then, in real estate. Now the property is about $300,000 as per...
Hello All,I was just wondering how I or my LLC would qualify for a Commercial loan on a muti unit property (10 units). I have no idea how this loans work. Thank you...
I know that in residential sales, the seller usually pays the commission. However, on loopnet I see a lot of listings that mention a "commission split". Is this customary for commercial transactions? Buyer and Seller ...
I have been pondering this tax question for some time. Maybe you guys can help me out. If you own a property in an LLC and sell the underlying property who gets 1031 tax treatment. Do you have to purchase the new asse...
My husband and I found a deal that looks like this - 500,000 for two houses on the same lot. One is a small 3 bed 2 bath that has a tenant in place paying 1100. The other is a 10,000 square foot house with 4 kitchens ...
Hello everyone,Imagine this topic would get more engagement in a Creative Financing space. We have been in real estate (long-term rentals) for over 20 years now and looking forward to hanging up the maintenance hat. W...
I am closing on a four unit property in the next couple weeks but really would like to purchase an apartment complex in the Atlanta Georgia area. After have gone through the bank process to get a conventional loan to...
I am a relative newbie investor, focusing on small multifamily (at least initially). My goal is to scale up as fast as possible, in order to build cash flow. Is there any advantage in doing a larger (more expensive)...
Hi All,
I am a new investor and have some money saved up that I like to deploy in real estate. I am currently renting and some friends suggest me to start off buying a multifamily property because 1) you get to use t...
Folks - I currently own a townhome in NJ and I want to move to a larger single family home. I purchased it for $333k in 2007. I would say it can sell for $310k now. I have a mortgage loan balance of $212k financed at ...