Connor Heim
TX HELOC and HEL questions
Howdy! Looking into using equity in my home to start investing. From what I understand, TX has some rules that I need to be aware of. HEL can be up to 80% of value, and HELOC up to 50%.My home is worth about $750K....
David Smith
Starting a 1031 --- timeline
So i am selling a multi family and will use its proceeds to buy another one close by. If I want to do a 1031 ( any reason I should not? ) , when and what shall I do?in the selling contract , shall I note it is 1031?i...
William Johnson
Negotiation Blockages with Sellers
Here are some questions that I have: These are about negotiation with real estate and specifically is about receiving phone calls from advertising for buying homes. okay, so first question1. Is it better to ask the b...
Amiris Brown
203K loan multi vs 1 lot 2 properties
I recently spoke with a 203K loan officer here in Maryland, and they were very skeptical that the property I had previously eyed would have even qualify. I find that strange considering that the REO stated it would qu...
Jennifer Umbaugh
URGENT: Self-direct IRA to loan money to LLC where I am sole MM
URGENT QUESTION. House under contract, two weeks to commit. Can I set up a self-directed IRA to loan money to an LLC in which I am the sole managing member? The LLC Purchases homes, renovates them, then resells them....
Abeer Khan
Stock Market crashes effects on housing market.
Hey Veterans! If the stock market crashes this year or any year, how does that affect the housing market and price of real estate in general? Or will there be any affect at all? Is it possible we can see sales and che...
Eddie Robles
rent money
Hi since I am now playing the role of a property manager ,(great advice) how do i go about whose name will the rent check /money order be under ?. How do i go about getting a business name . Any suggestions? than...
Shane Klackner
loan closing cost expectations
BP!Working on my first duplex deal. I am shopping around for conventional loans and am curious what I should expect as far as closing costs. What is typical in Colorado? Is there a basic percentage I can work off o...
Brian Kempler
Sell interest in a land trust, evict upon default?
I've read a Land Trust book that said Land trusts sell or assign beneficial interest, which is personal property. Which means upon default of the sale you do not have to foreclosure, may may take non-judicial reposses...
Paul Sassin
Building a Multi Unit
I have an opportunity to buy an older Tri-plex that is a bit rundown, on a 3/4 acre lot. If we bought it the property would cash flow decent. However, The property is zoned as multi Family and it seems to have potent...