Alexander Chavez
How to purchase my second property?
Hello everyone, I’m wondering if anyone has any tips on purchasing my second property. I purchased my first duplex with a FHA loan for $136,000. I was approved for $200,000. I hired a property manager and now have ten...
Erica Letchworth
Seller Finance Commercial Building and rental option
I have a commercial space that I plan to seller finance to a growing local business owner. I have received a first draft of the Letter of Intent and I am curious if as the owner of the building I would maintain the ri...
David Kim
Help understanding the details of a 1031 exchange
I am confused regarding the "greater or equal" aspect of the 1031 exchange. If I own a commercial property worth 1 million free and clear, can I 1031 exchange it to another commercial property worth 1 million but fina...
Monte Blunk
Asset protection question
I have been trying to learn about asset protection and have been talking to Anderson Advisors in NV and another lawyer in ID about setting up a structure for our multifamily complexes here in Utah. Both of them are s...
Justin Griest
How to get my money back out of a duplex
I’m seeking some advice on a duplex I bought last year. I’m trying to figure out how to get some money back out. I paid 30k cash, put 6k into it. It’s now worth 50k. Both sides are currently rented for $400 a side. It...
Dalton Dellinger
How to Split profit on Flips
Hello BP,I have two questions, but the first one will need some explaining. I am on my second house I'm flipping in Southwestern Indiana. During the first project, I elected one of my handymen with a background in Con...
Artem Lopatchenko
Selling a share of an LLC/Properties
Hello,I'm sure this has been answered somewhere before, but I cannot locate an answer. I am looking to put my properties into an LLC (100% owned by me) and then create a parent LLC that would own the subsidiary LLC ...
Dustin Mustach
FHA loan refinancing questions
Not much progress has been made however I have saved up enough money to pay off a 20%($32,252) down payment if the correct move is to refinance. The numbers I know for sure as of now is that if I pay the PMI for the l...
Charles Ladner
Do I need a business plan
Question for anyone that has answers. I talked with my local bank about buying a 12 Plex and she said that they require a business plan. Is this common with most lenders with a building this size or is this just thi...
Jahneeva Arnold
Tax delinquent wholesale
Guys, I went and got my list of tax delinquent properties but I don’t understand how the process goes when buying getting it under contract with the seller. I know I tell the seller that I will handle paying back the ...