Hi All,I’m new to this forum, joined recently but have been reading around for a few months.My husband and I are wanting to Explore our options for real estate and hopefully have a few rentals. We’re here in Orange C...
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Dear all BPers,
I live in Central NJ. I am looking to buy my first investment property in the area. I struggle all the time where my first property should be.
I would like it to be closer to me. However the housing...
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My mom recently inherited a house from her dad after he passed. Once the house sells it will be split between her and 3 other siblings. It had been rented for the past 20 years by the same tenant who is now giving the...
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Hi all, I have some questions about using the 1031 like kind exchange to avoid some of the taxes I could incur.I closed on my first home a week ago. I lived in that house as my primary residence for 15 years. I have...
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I am about to put in an offer on a tri-plex for short term rentals. I have a contractor who might be interested in investing or partnering in some capacity... contributing 20k toward the down payment and about 25k in ...
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Hi BP Community,This is a hypothetical and something I'd like to consider before investing in a property. I have a question regarding how to implement extra monthly charges for the use of a parking spot/garage, or sto...
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I live in a townhouse for which I paid cash. Then I formed an LLC for my REI’s. I’m thinking of a HELOC for short term deals/flips and was wondering the following...
1) Should I take out a HELOC on my townhouse or my...
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Hey BP, I recently started a discussion called "Looking for feedback on my next move", and have since been giving more thought to obtaining a HELOC or Home Equity Loan as my "no or low money strategy".Here is the scen...
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Has anyone had any success using Airbnb income for a loan application? I have heard rumors that some smaller banks may consider it on a case by case basis. Any guidance on this would be appreciated.Sebastian
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Good afternoon BP. My girlfriend and I came across a duplex built in 1959 to rent and we were wondering what investors typically set aside for future maintenance and capex on properties that are almost 60 years old. A...