Hi All BP members, I and my wife have good full-time jobs and have some cash on hand. I figured that REI is the best place to grow the money with tax benefits (mortgage interest, property taxes, depreciation). I have ...
I own a two family house in Queens (New York City). This is not my primary residence; it's for rental only. It's fully paid for, but it has less than impressive cashflow. After all expenses, it generates roughly $2...
Just wondering if you have 1 Million dollar what is best way to invest?one option is do private lending and take 10-12% return , another may be invest in rental property.Private lending has it's own risk , while renta...
Hi All,
We recently took a family property and converted into a rental. I am now having some second thoughts, after discussing with a local investor. I'd like to hear some seasoned opinions if possible, since I'm sti...
I'm going to be selling some land that I own w/o a mortgage and will be doing a 1031 exchange with the proceeds. Am I allowed to finance another property with the proceeds? For example, my proceeds will be about $20...
I have looked at several different real estate investment funds to possibly invest some money. I won't name names as I don't think it matters. For simplicity let's say they both invest in 5 states that do have state ...
Okay here is my situation.
Ive been working with this realtor on this short sale for about 2 months. The asking price is 70k, and I got the lender to accept it for 65k. As is value for the property is about 80k. The...
Hi everyone,I'm a 26 years old wannabe investor from Brussels, Belgium. I have no background in real estate (I'm working as a lawyer) but ready to learn!I'm currently renting my apartment and my family has advised me ...
I spoke to my lender and he said it would be best to talk to a title company that would transfer from my name to an LLC. He said it was hard to do that versus doing it in a trust. I spoke to a lawyer and does not reco...
My wife and I are divorcing (amicably). As part of that, we've agreed that I will take 100% of our shared savings and invest in an income-producing property that will will live in, house hack, rent etc. Be the landlor...