Jack Stauffer
New to the Game/Need Help
Hi Everyone,
After reading many books, listening to podcasts, and researching, I have finally turned 18. This is when I told myself I will start looking to get a first property. However, in this process I am kinda ...
Patrick Philip
Question about wetlands mitigation?
If somebody wants to buy a piece of land and get it permitted as a Wetlands Mitigation property, what has to happen?Does this property already need the trees planted and grown on it? Is it up to the owner to grow/tran...
William S.
What are good questions for banks? (LOCS)
I'm going to be meeting with several local banks and was wondering if anyone had some good questions to ask.I am seeking an unsecured line of credit and a HELOC on a rental property.Any additional pointers would be go...
Steve Kirsch
Claiming income on out of state properties
hi BPers,Here’s another tax question. Do I need to claim/file income tax in the state that I purchased an investment property in AND claim that same income (rent) for that property for the state of which I reside in? ...
Alexander Sheridan
Financing Suggestions to wrap up a rehab?
Any suggestions for getting a bit more money to wrap up rehab of a house I purchased with cash?ARV: $200kNo mortgage on the house. Typical credit score of ~800 but currently 630ish due to very high credit utilization....
Jeffrey Tallie
Fourplex househack vs commercial property for first investment
If I'm low on capital do you think it would be better to get an unsecured revolving business line of credit (not a credit card) backed up with a personal garrenttee between $50k to 100k to use as a down payment (with ...
Allen W.
How do you retrieve equity if owned free and clear
Can anyone tell me how this works?I'm thinking of either:A. Attacking the principal and having a property paid off free and clear possibly within the next 4 or 5 years to help scale and increase cashflow as there woul...
Mohan P.
Condo Purchase - 21 yr old AC Unit
Hi,I am under contract for a Condo that is built in 2000 and it has Original AC still running. I see the inside unit has some rust but otherwise the AC unit still is operational.Should I go back and ask for some sort ...
Forester Tesche
Improving a Property, taking out a HELOC, and then refi
Hi everyone! My buddy just scored a super awesome property that has the potential for some serious value add. it is a 3000 square-foot 2 bed 2.5 bath house they want to turn into a 3/3. To do everything they want is...
Liz Scott
1031 Closing Costs on buyer side
Hello. I'm getting hung up on "allowable exchange expenses" vs the requirement to reinvest all equity. I understand that exchange expenses can add to or subtract from the basis as a whole, but in a situation with debt...