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I made an offer on a house in California. The seller has a lot of health issues, which have delayed negotiations, but we have verbally agreed to a price, and I am waiting for their signature. I was just browsing the C...
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I'm new to bigger pockets and I've done well buying rentals by luck back in 2011-2104 when the market was down. I own a rental in Gulfport FL and owe 130K with 30 year fixed 4.5% and its worth 200-250K. Current tenant...
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Hello, I am currently looking for advice on a reputable lender for a HELOC. I believe this is the most advantageous route for me to pull equity out of my home now. (I am open to hearing otherwise as well). I woul...
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I am looking to get advice from any one that started in the rental business debt free. I am saving up to buy property with cash and no partners or investors. My questions are: Was there a benefit to going debt free?Ho...
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Tax implications of selling a long term rental property that has appreciated and been leveraged.Hoping to better understand my current situation, appreciate any insight.I have a home that I purchased in 2012 for 32k. ...
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So I started looking for some brokerages to hang my license. I found a few that I originally thought were worth interviewing with. It turns out, their objective is very similar to a used car salesman.
I'm not too up...
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I am considering selling my duplex in SoCal and taking that money out of CA. I nearly break even on the rent/mortgage but if I am able to escape CA on a 1031, I could potentially be positive cash flowing in the $1500-...
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Hi All.I'm curious as to whether anyone has heard of this group and what you've heard/experienced.They seem to have an interesting model, and I am thinking of signing up. They are offering a 24 month education and me...
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Hey BP,
Could someone give me a run down of how 1031 exchanges work? I understand that the benefit is you do not have to pay capital gains tax, but how does it work exactly? Any feedback would be great.
Thanks,
Tom
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Hi all! I currently have a SFR Rental Property that I paid off late last year. I am very interested in doing more real estate investing, but this time, using the BRRRR Technique. So, instead of using private/hard mone...