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 ...
We are still a little green at this, and the last time we showed a house was 2 years ago. We had several prospective tenants see our sign or find us on zillow that were local and just wanted to get away from there la...
Newb question here. I read the BP posts and have been keeping track of the time I spend managing my two duplexes, both bought this year, because I read there was a tax reason to do so. When I recently met with an acco...
Hello,I am planning to obtain a loan through the VA and purchase a four-plex around the Chicagoland area. Has anyone used their VA loan for purchasing a four-plex? If you have, I would like to ask if you can share you...
So how exactly do you vet Private Money Lenders when “Private” is their First name?? Let’s be clear, I’m not talking about Hard Money Lenders who are somewhat regulated by your state or local real estate boards. Inste...
Do all hard money lenders require a reserve? I've just started talking with a hard money lender and they want at least 20K in reserves before moving forward. They claim it's standard. My credit is good, my debt-to-...
Hi fellow Baltimore folk,I'm having trouble deciding how to try and approach financing a first deal, bear with me while I lay out the situation. I currently own a home in 21224 for about 3 years, the first 2 years of...
I'm the real estate guy in my group of non-entrepreneurial friends. I get the "hey you got any houses?". And I say no. I don't have any for them. As a wholesaler I mainly sell to cash buyers. I asume lease option woul...
we are separated and want to purchase a smaller property than our current home. VA is denying due to the fact that i will be moving to a smaller home and thus their underwriting team thinks i want to buy it as an inve...
I am planning to visit my rental property (out of state) and meet with my team (agent, property manager, etc). I know that the mileage (I'm driving) is fully deductible, but are all meals also deductible? or only the ...