Kyle Umlauf
HELOC as a down payment?
Hi BP members. I've been reading through lots of threads, getting myself familiar with real estate and have a question for you. Background on myself I am 25, recently married to my wife (who isn't quite as enthusiasti...
Aaron Jones
At what point do you have "enough" reserves?
Hey everyone!Not sure if this is most appropriate forum, but here we go:In my analysis, I deduct 25% from gross rent to account for repair and maintenance, Capex, and vacancy, and to build up reserves. My question is,...
Ryan Huebinger
Reverse mortgage foreclosure
Looking at a reverse mortgage foreclosure that will sell on the courthouse steps. The owner is deceased. Loan said it was for 181k. And originated in 2011.
Given that the bank has not given out the full value of the...
Josh Caldwell
Two for one 1031 exchange?
I am about to sell two of my lower end rentals and I want to 1031 exchange into a single property. Hs anyone ever done a 1031 like this, is it even possible?
Joe Nitz
No Income for 2014 on First Rental Property
I have a property that I purchased in Dec of 2014 that I bought with the intention of renting out. This is my first property I brought with the intention of renting out. The property needed a lot of work and it won't ...
Account Closed
Question about Probate Leads.....
What's up everyone!So today I went to city hall to look up probate leads. Everything was on the computer so the selection process was a little weird. The closest words I could find that most likely meant "Probate" wer...
Nicholas D.
Looking for carpenters/contractors in Southeastern Massachusetts
Hello all,I have a small portfolio of some multi-family properties in New Bedford, MA. I have accumulated some pretty good sub-contractors over the years (painters, plumbers, electricians, dry-wall), but have been str...
Joel Rightler
Hello from Michigan
Hi BP!I've been registered on the site for a while now, and I pop in from time to time. I've been reading stacks of books on real estate and other investments, as well as listening to podcasts.I'm purchasing my first ...
N/A N/A
New Guy - In college, flat broke, maniacal determination.
My name is Evan. I have a total of $10k worth of debt, including a very small car loan, I have a whopping 200 dollars in savings, and a car that's worth no more than $4k. That's all I've got. That, and a drive and ...
John Morgan
Are group homes a good idea?
I have recently started an LLC with the hopes of accumulating properties. I have been running through multiple ideas for establishing my company and the one that has been seeming to stick is Group home settings. I wan...