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...
Thanks in advance for taking the time to read/reply to this post. We just finished the work on our first flip in April and put the house on the market for $349,900. Initially, we had about 12-15 people come through ...
A 50/50 partner and I just purchased a duplex with a conventional loan. We have a tenant in each tut came with the property and receive 1000 in rent. P&I is $200 with taxes and insurance NOT in escrow. We have no ...
Recently, I sent some yellow letters to out of state owners of raw land. The last two responses I've had are from people who have their land for sale already. The weird part is that the realtors who are supposed to be...
I have an idea for a senior condo development that our town desperately needs. There has been a vacant lot with a building on it for several years. It is the perfect location for this development. Ruffly about 30 cond...
We just finished our first flip and considering the margins are very slim, we are considering going the FSBO route. I have been reading on the forum here a ton of the FSBO threads. I am considering listing on the FSBO...
Well, I had been a residential landlord for many years; I understand cap rates and what to look for, so when I started looking at an office building as an up leg I searched through the U.S. in most major markets and ...
I have organized the rehab of two properties myself and plan to continue more in the future. I have also picked up a lot of side work with other property managers to keep money coming in. I decided to legitimize this ...
Hi BP Family,I need your help. I am ready to invest in real estate in Phoenix area specifically in multi-Family. What neighborhood is good for cash flow?My investment criteria Cap rate min 6%Cash on cash return: min8%...
Hi All,
I've just started investing in real estate with a Full duplex and a half duplex that I bought through my realtor. The contract that a signed with my realtor, states that all purchases in real estate t...