Lindsay Wilcox
Legally Protecting Myself as an Owner-Occupant in MF Home with FHA Loan
I'm under contract to buy my first home AND my first investment property! I'm going to be living in one unit of a triplex in Indianapolis' Fountain Square neighborhood, and I'm using an FHA loan to do it, pretty much ...
Cheryl C.
How many yellow letters do YOU receive?
I get quite a few of them. As an investor, I get a little chuckle out of some of them. One poor guy drove all the way to my house to put one in my door. So...how many do you get?
Nazz Wang
Want to buy the building I rent in from my landlord
Hi BP Community,I have been living in an apartment building for a while now and it just came to me today, why don't I buy the building from my landlord. They have owned it since 1965 and the management company is a te...
Marty N.
Need Advice on House Transfer
Hello, everyone. I have dabbled a little in the past in real estate, so not a complete newbie. Still would like some advice from seasoned investors, as I look to ramp up my activity in REI in 2015.My mother, who i...
Sergio Sifuentes
Insurance
Hello BP community, I'm planning to do my first flip. Question is about the insurances?Do I need to get one for the house during the rehab process? Does every one does it? how common is itAbout my GC. Does he needs to...
Douglas Curtiss
BRRRR...Debt to Equity
I'm interested in starting a longer term portfolio of rentals using the BRRRR strategy. My concern though is by pulling equity out of each property, I'll eventually have 5, 10, 20... properties all leveraged. Of cou...
Steve Miglieri
Chicago 2-Flat: Hold or Sell?
Hello all, would appreciate some feedback on my situation:
My wife and I purchased a 2 flat in the Lakeview neighborhood about 2 years ago, It is a 3 story, 2 unit building near right off the Southport Corridor (Very...
William Howley
should properties be put in my name or LLC from Tax perspective?
Hi, I am looking to purchase more property (currently have 3 units), but I am at a point where I need to decide whether to put the properties in my own name or my LLC for tax benefits / perspective. Here is my current...
Pedro Jimenez
Just quit my job and started to drive for dollars
anybody has advice for me? I just started my real estate business full time. I have 2 months worth of bills in the bank, so I have to make something happen withing that time frame. I'm driving for dollars, and wan...
Mia Edgar
Tax on Capital Gains
I need some quick tax knowledge. I've currently accepted an offer of $760,000 on a property with a $655,000 loan. My real estate agent is getting 5% about $38k so I'd have $64,000 in capital gains. How much of tha...