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Hello:I have some friends that want to pool some money together to purchase a rental property.I am leaning against it because a) they are friends from work, not business partners and I do not want to mix the 2. b), th...
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The property is a 3 unit - store front, 1st floor 1 bed bath, and 2nd floor 2 bed 1 bath -- $1500 monthly income. The owner owns free and clear and willing to carry mortgage. I offered full asking price of 12...
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Hey everyone!I wanted to get some input on how can rehabbers protect themselves or minimize risk for the next crash? How are rehabbers affected? how can we take advantage of the next crash how some investors did in 08...
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I was tipped off by one of my tenants that they have been noticing multiple vehicles stopping by my apartment building at all hours of the day and through the night. He also informed me that the tenant involved had be...
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I also posted this under the General Real Estate - Renters discussionCan anyone point me to a forum or other discussion on how the process works when you are buying an exiting property that is already being rented out...
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Instead of doing a 1031 exchange can I carry back financing on two properties (the property for sale and another property)----or will the IRS somehow think that involving another property does NOT somehow qualify as a...
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I'm planning to buy my first rental property. Below is my budget.
$$ Range = max 350k
Down payment = max 25%
Goal = Positive cash flow and appreciation(if possible)
I'm thinking about 2 options. 1. Buying rental i...
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Hi all, New to the group, but happy to be here! Hoping for some advice - I'm trying to buy some real estate property out of state with 2 other friends (3 in total) and we're having a hard time figuring out the exact o...
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Hey y'all,I've had a lot of previous experience with rentals (single & small multi family, STR) and did my first flip in 2023 (where I lost a very small amount due to contractors taking 3x the estimated timeline),...
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Hey everyone,I’ve noticed that a lot of investors, especially those starting out, often face challenges when it comes to the earnest money deposit (EMD) required for property deals. It's one of those necessary steps t...