Derrick Sisney
Real Estate Attorney?
Hello, I am new here to this website and must say it is the best. But I have a question before I run out and buy a "wholesale property". It is my understanding that I need to have some type of "Corp." before I do this...
Billy W.
Check this deal out - what do you think?
Hi,
I have found a guy who is underwater on his investment property. The guy bought the place for $156K in 2005 and now wants $70K for it.
4 Units - 1b/1ba
Rents are $400-$500
Lower/middle class neighborhood
Needs...
Account Closed
Triplex or Mother in Law?
Hey everyone I am trying to get into my first property and I have a dilemma. I currently have a triplex under contract well below appraisal value but I am reluctant to close on it because it was built in 1920 and even...
Elizabeth Goff
1031 Exchange of CA to CA, then from CA to out-of-state
I am selling a property in CA with a pretty hefty gain (great!) and would like to do a 1031 exchange to avoid cap gains taxes. I think the opportunities outside of CA are better from a return standpoint, but am hesit...
Kishan Korsapati
Newbie - Philadelphia RE
Hello Everyone,I recently joined BP and am looking to invest in Phily. When my agent sends a listing, I look at the neighborhood (Mt. Airy, East Falls etc) and check if it is relatively safe. Then, I am using Rent Pro...
Sean Dunbar
Looking for advice to invest 965k of equity
Hello BP community! My name is Nick, Im a new investor looking to join the real estate community working with my father. We currently own a property in Los Angeles County that has around 965k-1.2M$ of equity in it. Th...
Account Closed
Prepay mortgage on rental property with negative cash flow?
Hello everyoneI have my primary residence in NYC that for personal reasons I will need to convert to a rental, since I am moving out of state. I have done the calculations and I will come to a negative Cash Flow of ab...
Justin Stores
Rule and guidelines
I have noticed alot mentioned about different percentage rules for various things such rent and buying a rental property. These percents are basic guidelines for determining values. Can someone share there guideline...
Arden Ballard
Thoughts on building modular tri-plex on empty lot
Hi all, New to BiggerPockets. Excited for all the learning and investment opportunities here. I came across a couple lots for sale across the street from a large hospital. Zoning is r-3 to r-4, good neighborhood. My t...
Jordan DeGusipe
Should we use our cash or get a loan to finance a flip?
Hey guys!26 year old first time flippers here.We recently acquired a home for an amazing deal. Property has over 20k in judgements against it and needs a good 20k worth of work, but is worth close to 130k right now, i...