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Hey everyone, I have a checking account I use to manage my rentals and other business expenses. I have positive cashflow on all my rentals so my balance in this checking account is accumulating but earning zero intere...
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Hello! This is my first post on BP but I've been reading articles for a while now. We are new to the REI world but my husband's brother owns a small rental property and has a team of brokers and a lawyer who he works ...
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Hi, First thank you for taking the time to respond to my post. I have an IRA and it has about $55k in it and i was wanting to use that to invest in real estate. Is their anyway i can withdraw without tax penalties? I ...
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Hey BPers!So I recently checked out a duplex (2 3bd/1ba units) that’s listed at $220k, but requires a great deal of work given its age. For instance, the seller has already agreed to credit the cost of rewiring the ho...
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Hello,Has anyone on BP been able to take the residential loan and refinance it into a commercial loan? Someone from BP provided me with this idea and I am wondering has anyone successfully performed this. I have a few...
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Fellow rehabbers, have you ever had this happen? You bust your behind on a rehab and then have a potential buyer pass on your newly rehabbed house because they saw how much you paid for it on Zillow and they think...
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OK, Here are our issues:
4/2.5 house we entirely rehabbed ourselves. Our first one ...
Applicant wants a 2 yr lease, $1,125 yr 1, $1,135 yr 2
Family of 5.
Husband getting job transfer, making $50k gross.
So we used ...
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Hello! I was wondering how the timeline would work if you used a 1031 exchange to purchase a new construction. I am assuming the house would need to be complete and closed on within the 180 days, but I figured I woul...
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I am in the process of selling a commercial retail property which should net me about $2.3M or so. Have been looking at hotels (or larger multi-family) as the next move. I've owned a bar/restaurant in the past as we...
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Hello BP Community,I am looking to do my first property flip, but am needing to get a little creative on the financing side due to minimal cash on hand. Although my liquidity is limited, I do have a decent amount of c...