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I am just now closing on my personal home. I built it myself and have about 85,000 in equity in the home. My questions are;• Is it a wise move to use the equity I have for investments.• How do I access the equity for...
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Hello everyone,
With deciding to start in real estate, my main goal is to create enough equity in the properties I obtain to build a house and buy land (10-12) years down the line.Though the market always changes, ...
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Hi, the tenants we have in one of our houses seems to have another person living with them. I need to address this with them, but what do I say if they say he's "just visiting"? What constitutes "living" there, and ...
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Hi, just over two months ago I closed on my first deal. Two bed two bath condo in downtown KC MO. I was able to buy at a small discount and quickly get it rented with a property manager and am cash flowing $170 a mo...
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I am an investor and have few properties in Beloit Wisconsin. I am looking for a personal umbrella policy which should be under US LI(Do you recommend anybody else). I know US LI covers more than 4 properties I tr...
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If I sell a house that was a rental for 2 years, can I use the profits to purchase a personal residence (without a capital gains tax)?
Rental House: sell for $200k (gain = $50k)
Sell through a 1031 exchange?
Purchase...
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Hi, I have two insurance agents steering me in two directions with my property insurance for a 2 family property. I do not live at the property. One agent told me I need a commercial (business owners) policy for the p...
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Anybody know the implications of getting a mortgage when it comes to being paid on a commission basis. I am looking into buying my first property. I know banks want two years NOA's, Would I be able to get a mortgage w...
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Can anyone recommend a good foundation company in the San Marcos area? I am working on a deal that may need the slab to be raised and supported. Thanks for your recommendations!
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Hello BP, as you may or may not know I am a new investor with little experience looking to make my bones this year in real estate investment. I've been reading everything i can get my hands on; books, forums, Q&A,...