I recently did a 1031 exchange. My CPA says I have a mortgage boot situation, but I would like to double check with the experts in this Forum.Here are the numbers for Relinquished property:Adjusted Cost Price: $354KSe...
Turning my primary into a rental after buying a new home. Conflicted on whether I should sit down with a lawyer to draft a lease, or if Zillow's basic lease is sufficient? Was also going to look into transferring my...
Quick question:
How far in advance should I seek a pre- approval or 'get qualified' for a mortgage loan to purchase a home?
It seems that I have had to pass up at least 2 realtors now because after our first convers...
I'm looking into the lowest down payment option for a multi-family property that I would live in. 2 of the 4 dwellings are completed and 2 are partially finished. Anyone ever hear of an FHA-like (~3.5%) down loan fo...
Due to the current impeachment situation, will the interest rate in conventional loan be affected? Currently they are very low, would they go up by Monday?Thank you
Does anyone have any experience with Bridge Loans? Wondering if that is a viable option when 20-35% down is not an option at the moment on a fix and flip under contract. TIA.
Hi, BPersI am a part-time investor who has been investing in SFHs for the past two years. So far, I have five SFH properties with about $400K equity. As I listen to BP podcasts and read a few books on multifamily, I g...
Hey Everyone! I am finishing up my first BRRRR project right now and wanted to share some of my project with everyone. I purchased my first property in January of this year from a wholesaler for 72,000 (private loan f...
ABOUT ME: In an effort to not get tooo deep, I have been a stay-at-home mom for 18 years and trying to leave my abusive marriage. While my husband has a great salary and has provided a very outwardly comfortable looki...
I am trying to purchase a property but do not have enough for the down payment yet as I just purchased another property recently. It is a smoking deal with tons of cash flow potential so I am about to lock it up in a ...