Patrick Jacques
Foreclosed with unpaid balance
While looking at properties I'll come across a property that says "foreclosed , unpaid balance of $ ". What does this amount mean? How is the unpaid balance taken care of? By who?
Sam Cannata
1031 Exchange Extensions
A situation arose with a 1031 exchange I am in the middle of in Denver, CO. Here is the timeline. 1031 started Jan. 2nd. Identified a property and closed Feb 26th. Gave the existing tenant 29 days to vacate the proper...
William R. Matthews IV
1031 from raw land to rental?
Can I use the 1031 exchange from a raw land purchase to a small condo and then rent out the condo/house?My situation is that I've purchased some land on the coast and if I flip it can I take that gain and put it into ...
Andrew Caldieraro
When does a value-add a MF property make sense?
Hi,I'm curious what guidelines you follow to determine if adding value to a MF apartment makes sense? For example, lets say that updating each unit can increase rents by $100/month. What is the max that you'd spend ...
Derrick Sakai
Types of Mortgages: Basics
When mortgaging or refinancing property, there are three types of mortgage options that you can choose from. These are the three basic mortgage options:
1. Fixed Rate Mortgages
2. Adjustable Rate Mortgages
3. Balloon ...
Dan Snyder
Intent Question Qualifying for a 1031 Exchange
Hi all, I have a question about intent on the property being sold in a 1031. I received a property from my grandparents (sold on deed for $1) in September 2020. They owned the house with no mortgage. The plan was to u...
Alvin Taylor
Is a swimming pool a deal breaker
I have found a house that I am considering buying for a rental property, I am happy with both the price and location but my one concern is the home comes with an in ground pool so my questions are how much of the liab...
Account Closed
Long Term Private Money -vs- Short Term Private Money
For me, I Borrow Money from Private Lenders 1 of 2 Ways1. Short Term with Balloon2. Long Term with Monthly PaymentsShort Term with BalloonFor my fix & flip businesses in Philadelphia & Chicago, I offer my inve...
Joe S.
Question on refinancing a property after rehab.
So on the BRRRR method the investor is supposed Rehab the property and then rent the property and then refinance the property. After the rehab the house is going to look the best it will probably look until it is reha...
Nelly R.
Buying again after previous short sales
Hi all! I'm a newbie! I posted in the Newbie forum but figured I'd post here too! I have a few bucks in the bank and after reading several books and getting the "itch" again, I want to invest in real estate. A litt...