Pete Harper
1031 Exchange Hypothetical
I wanted to confirm my understanding on 1031 exchanges. Sale Price $350,000Cost basis $150,000Equity $200,000Now I only need to reinvest my $200,000 equity. Correct?Buy $200,0000+ propertyPut $50,000 down, finance $15...
Steve Smithy
1031 replacement property mortgage: conventional or commercial?
Do I need to use a commercial mortgage/note to buy a replacement property on a 1031 exchange?I sold a property, used a 1031 qualified intermediary to hold the funds, and now I want to buy the replacement property. I ...
Mike B.
Using 401K to fund REI
Hello BP Members,I'm new to REI and live in the San Antonio, TX area. Has anyone here on BP withdrawn 401K funds to begin a REI career? I am not talking a Self Directed IRA, as I want cash flow now. Also, can you d...
Alderban Chavez
introduction and questions
Hello my name is Alderban, I am very glad to enroll to bigger pockets, I works doing Interior remodeling I love houses, but my goal is to become a real estate investor full time, I have no money to start, but my plan ...
Kyle Simmons
EXTREMELY SUCCESSFUL COMMERCIAL BRRRR!!!!
Investment Info:
Office Space buy & hold investment in Murrysville.
Purchase price: $105,000
Cash invested: $45,000
Sale price: $260,000
Extremely successfull Commercial BRRRR!!!
This is my ...
Bryan C.
primary residence as an asset
I am working through some of the intricacies of establishing my new business. I am working with professionals to set myself up for a strong 2016 but have some interesting questions I am thinking about. I do not need i...
Cara Kennedy
Beginner Private Lending Tips
Hey folks,As the title indicates I'm a beginner as far as private lending goes. I had one deal that fell through when I didn't know enough and I'd like to avoid that trip up when the opportunity arises. I'm looking fo...
Matt Faix
Basics of a commercial deal
We recently found someone looking to sell a mid-sized commercial property. To-date we've only done smaller deals (duplexes/triplexes), and have self funded everything with bank financing. This is a much larger deal, a...
Colleen Fiumara
Earnest Money Down Payment For First Flip
Hi new & experienced investors, I need help with the initial deposit on my company's first flip, I have spoken to several hard money lenders but maybe not the right one yet. DoHardMoney does offer 100% financing ...
Christian Garcia
Money
How does a Home Equity Line of Credit work and whats the difference from a home loan ?