Hello All, I'm new to BP and amazed by the abundance of knowledge and willingness to help others. This community is truly amazing. I’ve been in my first home and primary residence for 5 yrs and currently in a dilemma...
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So I just closed on a small TRI plex and was able to get that property with an FHA loan. I have about 24k for a down payment on another property, but was wondering how people go about getting a second loan right afte...
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Ok, so I've been analyzing potential deals for 2 months (maybe 40-50 total) or so and am getting an itchy trigger finger for my first deal. This popped up on our local REIA site and is bring sold by a large buyer/hol...
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Is it acceptable to plan on doing a 1031 exchange with only part of the profit from a real estate sale? Can I take a potion of the profit and reinvest it tax-free while using the remainder for another purpose (and th...
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Hi this is the situation and I'll try to make it as simple as possible:I am part of a group of physicians who, through a corporation (let's call it Realty Corp) own a medical office. This office is is leased to a cli...
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Hi everyone! I currently own two rental properties, and a business that has an SBA loan that put liens on both of those properties. I am thinking of getting a hard money loan in order to pay off the SBA Business Loan ...
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When I bought this house with a mother in law suite I inherited a renter in the little attached unit. Since she was section 8 housing (which was an absolute nightmare to set up) we immediately signed a new lease which...
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Hello everyone. I'm currently working on a subject to deal in South Florida. The sellers are very distressed and just want out. They are in the process of loan modification and are already 2 months behind in the...
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Hi All,I am currently on the board of my HOA and have an idea about commoditizing the rental wait list spots. Has anyone heard of any association allowing members to sell their spots on the rental wait list to other m...
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My fiancé and I are looking to buy our first investment property, a duplex under and FHA loan. We recently through out an offer and the seller accepted with a contingency on a 1031. Our real estate agent has advised t...