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I am getting some pushback on the idea of recourse vs. non recourse loans from a banker I'm just about to go with. My accountant told me not to take out a recourse loan, one that allows for deficiency judgments (th...
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Hi all,
I'm purchasing an investment property (residential rental duplex) and I'm wondering what the best legal entity to hold it in would be.
Purchase price: $479,000
Monthly cash flow: $1,500
Income will be ke...
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My realtor told me that in rder to buy a reo property the bank wants 1oK in earnest money. The arv is $400k, and i will be offering 15ok. I told him the most I would offer is 2k. He said that the banks ask for 10k be...
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I'm bored to death sitting in Quito. That is in Ecuador, on a LONG flight delay. I just put a deal together to sell a foreign property I wasn't counting on and it should net a fair amount. Â Â Â I've always tried to ...
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Warning- This is long-
I just got my taxes back for last year and I am really confused. I have tried to grow my rental business a bit too rapidly and I am trying to figure out how to level this out so it wor...
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Hello BP,
I joined this week and new to real estate investing - rental is the way I want to go. I found a 8 unit apartment building $400k and have about 40k to use. Learned at the webinar this week that I need 20% ...
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Another post about not being able to find a property with only 10 days left in a 1031 prompts this question.In this current market, what is the best way to perform a 1031 Exchange successfully? Do you sell and hope yo...
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I am from Oregon, and have been looking to get started with buy and hold investing here. It's been pretty hard finding cash flow properties here, so my wife and I have been discussing the prospect of investing out of ...
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I dont like renting to people that just recieve social service checks as income for 2 reasons.
1. If you dont work for it you dont take care of it.
2. You cant not garnish social service income.
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This thread is a spin off of "Buy 1 rental home or 3 rental homes" I was wondering if any of you in BP nation own one or multiple higher end SFRs in very nice areas? or even focus on higher end SFRs as your stategy in...