I recently bought an 8 unit apartment with 3 other people. When we bought the building we knew of the issue and are trying to figure out what to do so I thought I would reach out to the BP community and see if anyone...
New Award System Launches:
Earlier today we implemented our new award system designed to stimulate even more activity from our members. With awards to reward the top participants in all areas of the site, t...
Just looking at this from every angle...
Is there any reason I can't wholesale a property I just picked up on a Subject To transaction? Since the new buyer would be using a new loan or cash, I don't see a problem he...
Hello BPers! I just had a tenant call to inform me that they're having an issue with roaches and mice. I plan on going over there tomorrow to visit the property and see what type of condition they are keeping it in,...
Hello,Just curious what you all thought about the idea of using a loan from your 401(k) to finance the purchase and rehab of a 1st property.My plan would be to use 40-50k to purchase a small rental apartment, fix it u...
My girlfriend and I are quitting our 9-5's to fully jump into real estate investing, but we have a few questions around funding that I'm looking for input on. We will be consulting a RE lawyer at some point, but I'm h...
I would like to purchase a property with funds from my IRA to use as a rental property. I know there are rules regarding who I can and cannot rent to (like family members). I would like to do a lot of the managemen...
My Dad is currently invested in a few syndicated multifamily deals, and one of them is stabilized and ready to market. Instead of selling it, the sponsor has decided to "recapitalize the property with new equity and d...
Hello i am new to this and just started getting into real estate investing. I am starting as an wholesaler and wanted to know from someone with experience here in the New York city who obtained an LLC. What exactly do...
Could anyone please suggest best ways to minimizing the amount of taxes you pay for properties you buy, rehab and flip for profit in a short couple of months period?
One scenario would be I use my own cash to buy and...