Daniel Hwang
How do I leverage against my current property?
Hi,I'm looking to leverage my first property to purchase a second property. I understand there are specific methods like cash out refinancing, HELOCS, and equity loans. If I take those out like a HELOC how do I actual...
Gavin Kercher
House Hack...Should I use an LLC?
Hello,I have recently started an LLC and have a personal house. I have 2 room mates moving in that will pay roughly $100 more than the monthly mortgage cost. I would like to take the rent payments in through the LLC t...
Joseph King
Seller financing understanding.
Good morning BP community. My question today is on using partial seller financing and a private lender, I would like to know if this general example would work . (Not real numbers)So I recently found a deal for a cash...
Tom Bud
1031 for mortgage pay off?
Hi BP friends,I was researching 1031 exchanges and couldn't find a concrete answer to my question. Imagine this scenario;An owner bought a building at $350K with a conventional mortgage. Owner sells building for $1M, ...
Joshua Kohl
Lawncare and tenants
Under contract on a duplex and it seems that the current owner does lawncare. Any ideas on how to push this onto tenant? No garage so no place to store lawn equipment. Increase rent and pay law service out of incre...
Rob Saunders
1031 Exchange complication
Hi, looking at doing a 1031 exchange; property being sold will net $545k; capital gain will be around $150k and I will end up with around $320k in cash. Let's say I find one replacement property for $320k that I buy ...
Alex T.
Leasing a condo to multiple tenants
Hi Everyone, I wanted to know if anyone has experience renting a home or condo to multiple individuals? I am planning to rent my condo in CA to 4 individuals, the condo has 3 beds and 2 baths. I will be paying utiliti...
Tyler Piciullo
Need Clarification...Can you do this? HML & MONEY
Let's say I found a deal. Hard Money Lender is requesting 20% down and will finance 80% of purchase price and 100% of the rehab. When it comes to the 20%, I heard that the HML wants to always stay in the first positio...
Mark N.A
Cash for Keys
Around here the banks offer $500 “Cash for Keys” to foreclosees if they will vacate quickly and leave the premises “broom clean”.
How about you landlords out there? Do you give any monetary incentives to avoid forma...
Daniel Cruz
SDIRAs, UDFI and UBIT
Hi All,
I am researching buying rental property w/ a SDIRA. And after talking to a SDIRA custodian, she schooled me on non-recourse loans and the taxes associated w/ purchasing leveraged property.
So I am wondering...