Kevin Lisewski
Using 1031 for both rental AND vacation home
My lender is telling me 4 days out from closing that I can't use 1031 funds to buy a vacation home. Is that valid?I sold a rental in March, and used over half the 1031 value to buy another rental, and planned to use t...
Aaron Holtzman
Making the jump into Multi-Families in Philly (Lender Question)
Hey everyone (lenders and investors alike),I hope you all have been staying healthy and sane during all of this.A very good friend and are looking to invest in real estate. We actually found a property in Philly that...
Amanda Chandler
Hard Money as an individual or through an LLC
I've seen some posts on the forum about hard money lenders "requiring" an LLC for them to loan money. Can anyone share their experience borrowing hard money either through an LLC or as an individual?Thank you in advance!
Tracy C.
In the process of purchasing a house with a tenant in WI
HI I'm becoming a first time long term landlord in WI. (We short rent 2 properties now) The house we are purchasing is going to come with a month to month. The current owner is using a property manager. I would like t...
Vivek Nangia
LLC Formation and Associated Tax
Hey everyone, thanks for the help in advance. I'm new to the forum and looking for some advice on LLC formation. I have an investment property purchased several years ago that I will be putting on rent in the next mo...
Princess Anujulu
Wholesaling
how many assignment contracts do you generally use to close a deal? Is there a separate contract between the wholesaler and the seller as well as the wholesaler and the buyer?
Matt Speer
From Lockbox to Leased- The Guide for Your 1st Rental
Andddd the moment you have been waiting for has arrived. You ran the deal analysis, checked the financial boxes, finally figured out the lock box code that contains the keys to your first rental, and are ready to make...
Brice Aldrich
Using Private Loans as a Down Payment
Hello, I am interested in raising capital to purchase multi family homes. To do this I was going to ask my family if they would be willing to loan privately at a competitive interest rate. I intend to use the private ...
Terone Johnson
Pre approval letter
Hi everyone,
I am looking to get some advice on getting a pre-approval letter for a property I am interested in buying but the realtor is requesting a pre-approval letter. I haven't even decided if I want to do har...
Calvin Kwan
[Oakland] How to identify protected tenants?
So I'm escrow for a place in Oakland and the seller is having trouble getting estoppels from the existing tenants. Both seller and tenants have lost their leases, and the tenants have been dragging their feet on sign...