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Hello all. I have a question and a real life scenario to present which I am currently going through and I'd like your advice and suggestions. I have done a lot of research and reading but I would really appreciate som...
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My name is Shane, and I'm currently living in Grayslake, IL which is a far north Chicago suburb. I own 2 rental properties, a former primary home of ours, a 3/2.5 in Round Lake, IL and a condo in Oak Park, IL.I say t...
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I see three forces complicating things for many buy-and-holders using the 1031 exchange: 1) COVID is causing many to diversify their holdings to mitigate potential losses. In other words, their need to use the 1031 ex...
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I am going to get right to it. Here is my scenario. Let me know how this adds up or any advice you may have. I am sure someone in the community can tear this apart or let me know if this makes any sense. Thanks for yo...
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Okay, so I found this vacant property that I really want to purchase as my first investment property. I contacted the owner of the place to talk to her about selling - she said she wasn't interested, and planned on re...
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Hi all!
My husband and I are looking to buy our first ever real estate investment out of state (we live and rent in NYC. we do not want to buy here due to high cost of properties and high tax rates). I'm looking for ...
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Hey BP Fam,
I am a current wholesaler that came across a property with a $120,000 tax lien on it. The property has 100% equity on the property but I don't really see to much profit margin for the seller, me, and the...
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Hi All- I've a relative who has relocated to the Florence area and is looking at the investing there. I offered to do some research for them around their pro-forma templates and one of the items that I'm missing is a...
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Hi BP Community!I wanted to run this buy you savvy investors on what you would do if you were given our situation. So, I have a 401k from previous company Walgreens and now I work at CVS pharmacy. I am going to be all...