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I purchased a 3 family investment property in Brooklyn NY back in 2008. I was under the impression that there was a 10 year 421a tax abatement on the property. Turns out it's actually 25 year abatement. Super Lucky ...
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Hello all I am a new wholesaler working on a deal right now and i was hoping to get some advice on the risks involved in this deal. The seller is asking for 60k for the house as-is but it has come to my knowledge that...
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Hello,
I flipped a home under my LLC over the past 5 months. I then took proceeds/profit made from the flip and invested it into another flip home. Would this qualify for a 1031 exchange and is there anything I shoul...
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Hello Flippers!Here's my story: I'm new to the real estate game- just establishing my funding and obsessively farming an area in my city that I KNOW is going to kill it in the next 5 years.My strategy is buy and hold,...
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I am new to BP and I am interested in starting off flipping houses. I am still a while seats from feeling secure enough to jump in so here's a question I have. Which loan would you recommend or do you use for a fir...
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Hello this is my first post but I have been following forum for a while now. I’m in construction and I built a rental ground up on property using cash but now I would like to get a loan on it to do the process again. ...
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Hey BP nation,I was wondering if anyone here has invested in any commercial office space. I have never invested in commercial space, but the friend that approached me with the information is reliable, but I am looking...
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Q1: In September 2020 I purchased what I will call a duplex, but really it is a SFR and a detached barber shop that was converted to a studio apartment, on the same lot. The SFR rents for $700 and the studio rents for...
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Hello, I am currently submitting all my paperwork for a new hard money loan through my LLC (for a single family BRRRR in Philadelphia). I am adding a half bath to the first floor, so my lender has mandated that I get ...
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If you're tracking Raleigh, North Carolina prices then you know... we've grown a lot over the past few years. The US real estate economy in general has boomed thanks to COVID and previous rate drops. Currently, a sing...