Randy Dulac
When buying an older property when to upgrade components
I am looking at a 2 family that poses to have some good potential cash flow. I seem to be getting hung up on the level of upgrades necessary. The electrical panel is listed as fuses. I have to assume the entire ele...
Zachary Kane
Duplex Definition Help?
Hello,I am looking to buy a rural house in South Carolina. It is a large old farmhouse that has lots of additions to it over the years. On the second floor there is a back staircase and a sort of "in-law" suite with...
Lynette P.
1031 Exchange - max on purchase price?
Hello RE Geniuses! Forgive me if this is a lame question. I understand the purchase price needs to exceed the sale price of the investment property. But is there a max dollar limit? If I sell our rental property for $...
Kelly R.
assuming a fha mortgage
I am looking to purchase a house. It is $255,000. the amount the sellers owe left is assumable fha loan and is $186000 at 2.875% . I would have to come up with the rest in cash. Would I be able to rent the house out a...
Jonn Molina
ADU is 50% project done. Need money to compete the project.
Im a General Construction in the area of Los Angeles. Due to Covid permits, material and labor cost has gone up therefore it's been a challenge to finish multiple ADU. These project are located in the area of South Ce...
Erica Heath
What to do with vacant land?
I have come across a 105 acre chunk of land that is boxed in by small neighborhoods, a church and cemetery, etc. The seller is willing to divide the land or sell it all. He does not have the funds to develop the land ...
Natalie Brown
Commercial/Mixed use Financing
This post is a mixed bag so I hope all can chime in with ideas. Here's my overview. I currently have 3 SFR's in our rental pool, the most recent purchase was a Fannie Mae property closed in July paid cash. It is set t...
Indra Tanudjaja
1031 from rental property to land development project/flipping?
Hi, maybe this scenario discussed before.i have rental property in Florida (via turn-key provider); i am thinking to sell it to join land development project local in CA and if there's extra gain, i will invest the re...
Andy Vasquez
Primary Turning Into Rental
Hi All,New to the game here. Really appreiate this community and everyone's never ending help.I have been living in my current home for 3 years. I am renting out starting June 24. Is it safe to assume that the loan in...
Adam McInnes
Joint Venture Going Wrong
I hope you are all well during the Covid Crisis. I have a question about a joint venture that is going wrong. In October of 2019 a wholesaler contact of mine brought me this deal. It is a Condo near downtown Calgary. ...