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Gut feeling is that 1031 Exchanges are a cheat code to scale a portfolio faster than one could otherwise. But I listen to all of the podcasts, read many of the books, and haven't seen/heard a solid strategy of how to ...
Good morning I completed my first 1031 exchange in 2019 however I am no being told by the CPA we incurred a mortgage boot due to not purchasing a property of similar sales price.
Property sold $1,200,000
Payoff $70...
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This may be a little bit lengthy but I think people could learn from a recent purchase I made. I closed on a house yesterday that I bought at an auction. I have purchased at least 30 houses at auctions so it’s not t...
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I am in need of some advice and thought I'd run it past the BP community.I have several rentals, two of which I need to take some action on. 1) I owe $142K and value is $335K, so solid equity and low LTV.2) I owe $20...
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Dear friends,
I have been a part of this community for many years, and it's thanks to your support that I gained the confidence to purchase my first house exactly two years ago (on October 1st). Now, I'm facing a dec...
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Good Evening. I live in San Diego CA and i am about to sell my third flip this year.
My First two flips the FTB took a larg percentage from Escrow for cap gains. In reading thorugh some of the other posts its...
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Investment Info:
Single-family residence buy & hold investment in Ottawa.
Single family townhouse
What made you interested in investing in this type of deal?
Long term passive income generat...
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Check out the lender's email response that we received to one of our short sale offers.
"[i]Mr. Granquist
This BPO opinion for a quick sale on this property is $148,000 to sell "as is" within 30 days. The total of...
Developer purchased a house with a 10k lot on it for $749K.The plan is to demo the house and build a new spec house on it to sell for about 2.5 to 2.7m.Developer is offering me a 1st mortgage on the property in excha...
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Hey guys, Here's the situation. I'm ready to make moves 2021. I've owned a 3 family for about 6 years now. I have 200k equity in it. I did a live in flip on a single which is closing in a few weeks. My offer on anothe...