Dear 1031 experts,
We just completed a 1031 exchange from 2 properties sale into 1 commercial property. The deed of new property and 1031 exchange were set up correctly with the owners from the 2 properties being ref...
Hello all, I’m looking into purchasing a rental property, more than likely using a BRRRR type strategy where I refinance after repairs are done. However, I was wondering if anyone has experience utilizing a 401k Loan...
I'm no expert when it comes to loans. Below is what I got from my credit union. Is there any thing below you would ask more questions about or be suspicious of? Seems like relatively good terms to me, but I don't k...
I currently own my primary residence in San Diego , CA and 2 duplexes in SA,TX. I would like to hold my property in the best possible way that would protect me from law suits, people knowing whom owns the property, an...
Back story: Since joining. my plan is to rent my current single family residence out and hopefully make 200$ in cash-flow a month. To do this I would obviously need to purchase another house at a below retail deal, li...
Hi BP Members! I'm on the way to getting my first MFR (fingers crossed) and am currently starting attorney review. I was wondering how can I start running things like a business without an LLC? I understand that accor...
Velocity of money is an economic term that refers to how quickly money changes hands within an economy. It's often used as a key metric of an economy's health. The faster a dollar gets spent, then re-spent, and re-spe...
I lent $30,000 from my LLC on a property. I then later lent $15000 in 2nd position from my IRA on the same property. I had to foreclose, and choose to foreclose with the LLC. The 30k plus back payments added up to ...
(Sorry, new to bigger pockets and tried to post on two forums. Apologies if you read this in the tax forum already!) Hi BP community!My two friends and I are just starting in the investment property business and are l...
A little over 4 years ago I purchased my first property: a 3-flat in Chicago for $305,000. In Logan Square - now one of the hottest real estate areas in the city in terms of %increase in value and %increase in home s...