What happens to mortgage note during 1031 exchange.Im thinking old is paid off, but looks like entire sale transfers.Therefore do I need to acquire a new mortgage for my present debt ?
While I wait for my attorney to call me back, let me try here if anyone is familiar with Fannie Mae contracts.
I got an offer accepted and now are swimming through this messy process.
First of all ab...
Hello BP community, my name is Gonzalo and I'm currently an active duty Marine with 4 months left on contract. My goal for when I EAS is to own rental properties and I plan on starting small with a single family home....
I am in New York and bought my first home, a 3 family a year ago with an FHA. It's cash flowing nicely and it's what inspired me to want to do it again. I went to my RE Agent to discuss another multi-family purchase (...
I spent all of 2014 and half of 2015 learning and prepping my self mentally to take the first step into real estate investing. Finally in late 2015 i set up my business entity and sought out for fix & flip deals. ...
Im well on my way to putting in my first offer on a triplex but I can't seem to find out how to find out what my cashflow would be. If any one could be as detailed but as simple as possible in helping me out I would r...
Is it worth your while to identify more than 3 properties in a 1031 exchange? And what would be a good reason to do that. In my situation I need to buy a $440K property(ies), and should I look for 2 properties at $22...
What is the best method to use other people’s money with a self directed ira? My goal is to use money in someone’s ira (whether my mom, mother in law, or family friend) to purchase real estate. I haven’t talked to a...
Hello BP!My brother and I have decided to form a partnership to jumpstart our Real Estate Careers. And we are well on our way of having a solid foundation. We've discussed goals, processes, consequences, and strateg...
Hello BP Peeps,I am considering doing a lease option on my home in NC that I recently vacated. I would appreciate any random advice and also some specifics such as the term limit (I think NC is 3yrs) for the option a...