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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?
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I am in the process of taking what to me is a large sum of money and invest it in real estate as part of a 1031 exchange.
I have always been taught that debt is bad and don't want to use all of it to finance prope...
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Hi everyone,First time poster here... :) My husband and I are moving forward with real estate investing and would like some advice from tax and legal standpoints. We are trying to decide between:1. purchasing a new ho...
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Hello All,I have been living in my small 2 family house for a few years and am now moving. The renting market is great, I'm just outside the city and it would cash flow a good amount per year. But, if I sell now I co...
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Will be purchasing a 4plex next year which needs roughly 80 to 100k down payment. Im thinking, instead of a 4plex at 100k downpayment, Ill use 50k of Heloc to add to my 100k for a total of $150k to purchase a 6plex a...
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Hello BP!So after reading Set For Life, I am finally past the $25,000 threshold and between the $50,000 - $100,000 threshold. One question I can't answer for myself and can't seem to find any real good substance is: S...
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I am about to close on my 1st rental home that I am paying cash for. I would like to somehow pull some or most of the value out of the house by some means in order to reinvest for additional properties and to have the...
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I'm new to the forum and could use some advice! Situation: I have a paid off personal residence - a 3/2/2 in the heart of the suburbs of Tampa. My wife and I are looking to relocate closer to our places of employment ...
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Hello everyone in BiggerPockets,
I have been listening to many episodes of the BiggerPockets on how to invest my money in the Real Estate world in the past 3 months. I have a plan and I'm not sure if I'm going to the...
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Hi there! My partners and I are forming our LLC and wanting to start flipping houses in the next 3 months. At this moment, we don’t have cash to put into properties and folks we know who have money, can’t invest at th...