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I've never done a 1031 exchange before and have a couple basic questions. FYI I am closing on a property soon (I have a LLC) that I may try to immediately resell.
1. Do you need to have held the property for a certa...
I've been looking for a larger multifamily building in my area lately. I've decided I will use a property manager, but at what point do you need an onsite manager and/or handyman? I have a 90 unit under contract rig...
I'm working on a Wholesaling deal. I had a property under contract through my own LLC that I found through mailing to expired listings. I did a bid sale this past weekend and one buyer really wanted the house turned o...
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I have an opportunity to obtain an 8 unit building where the owner is willing to finance. The building is currently 100% occupied. Here are the numbers:
Purchase Price: 249,900 financed @7% I/O for 30yr term
Gross...
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I'm trying to get a REO under contract, cash purchase. I have a good contractor that will do all the rehab, and in return I will split the profit with him (not sure on the % yet). What's the best way to set this up ...
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This one's complex and I need immediate input, so I thought I'd post it here. Feel free to move it to Landlording if it would fit better there.
This is a semi-cry story, and it...
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Hello Bigger PocketsThis is my first post. I'm currently about to close on my first rental property. It's a 2 bedroom 1.5 bathroom condo in the SE area of Cedar Rapids. Its in a great location and I'm so excited. I am...
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Just spoke with one of my new investor clients today. He recently purchased a 2 flat that he is planning to live in and update in one unit while renting out the other. (NEW HOUSE HACKER, CONGRATS!) Anyways, we wer...
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We bought a fully tenanted triplex near Orlando in late February. This month the tenant in one of the units left after a couple of months of not paying and dodging our PM. Unfortunately for us, they left the unit in r...
Still learning the ropes and looking for any advice on my first potential deal.
THE PROJECT...I found a unique vacant lot in Southern California on Zillow... and by "unique" I mean ~1200 sqft total, triangular-shaped...