Ishmael Johnson
1031 exchange questions
With the 1031 exchange Do you run numbers as usual on “like kind” properties and then present them to a lender?How would that work being that I wouldn’t need the purchase and renovation cost to be covered completely b...
Jim G.
1031 exchange to what type of asset?
Plan to sell two SFH for an 1031 exchange. Never done any 1031 before. Need your input on what type of asset to go after. I know 1031 exchange has time pressure. I better to do a lot of homework ahead of time to n...
Jason Hawrylo
Roth Vs. Traditional IRA for a RE Investor (Passive Income)
While currently having a post tax Roth IRA and Pre Tax 403(b), I've always been more keen on the Roth and contribute more to my Roth (a lot more). But, the more I'm learning about taxes and brackets in retirement the...
Justin Hansen
The oldest young man in Texas
Hello BP!I've been tuned into the idea of early retirement, and I was pointed in the direction of Bigger Pockets by some of the posters on the Early Retirement Extreme and Mr Money Mustache forums.I am 24, currently e...
Howard C
Hold Paper but the Buyer defaulted on the Loan - What should I do
I am currently holding a 2nd mortgage on a property that I sold to a homebuyer. He is now in default for over a year (I am still making payments on time on the 1st). I don't wish to start a foreclosure process or a d...
Sandy Uhlmann
What Happens to Second lien if first accepts a DIL?
If a first lien is in default and rather than be foreclosed on, all parties agree to a DIL, is the second lien extinguished as if it had gone through a full foreclosure or does it still exist? If it still exists, I a...
Matthew A Brady
Refusing to evacuate the premises
Hello AllMy tenant informed me that she would not be able to pay rent and would be out by the end of the month. She is out of my duplex, but she had some family staying with her without them being on the lease. My ten...
James Haffner
Beginning investor looking for advice on becoming a broker
Hello everyone! Iv'e been on here on and off over the years. I attempted wholesaling for a good while but had no success, I also tried finding multi families with no success mostly due to the fact that I was in the Mi...
Jesse Gargus-Smith
Wait a year to start??
So just last weekend I found a steal on a fourplex that would be a great house-hack. I called the REA on the deal, the seller had FHA financing available, would be willing to do renovations before closing, and the age...
Shawn Ryan
Eviction/ Taking possession from previous owner
I purchased a house in Galveston from the original owner right before Foreclosure. I didn’t have the previous owner sign a lease or anything. I’ve been told that I could evict her if needed. Long story short the previ...