Lynn Z
How to 1031 1/2 of sale of real estate
A CPA (QI) told me you can roll a 1/2 interest in real estate if the partner doesn't. How does that work? The replacement property would only have to be 1/2 of the sales property amount of the relinquished property?...
Edward Mccracken
Wholesale - What to do with a old seller carry back note???
I found a homeowner thats is dying to get out of his house.... Here are some quick facts that are verified through the recorder of deeds:Mortgage company released the mortgage on his house for 75kBanks around here som...
Joe M.
BP Experts-Help me figure out pros/cons of getting from 1 to 2
Hey Experts. Im looking for opinions on how to view a friend's position, pros/cons and ways to think of their next step. Due to his first rental being his old primary, there is quite a bit of equity in it. It would...
Paul Tanso
How to structure a deal between partners and investors?
I have a question that may or may not have a one size fits all answer, but here goes. My partners and I are looking at a deal that will require us to round up investors. We are planning to target family and friends. W...
Nestor Soto
Hard money
Hello. I'm Nestor from MD. I recently got pre-approved for a mortgage by a hard cash lending bank and even with an excellent credit, since it's my first flipping deal, I only got 50k pre-approved. Anybody has any advi...
Tom Camarda
Which route to go for refi?
Greetings all,I have recently purchased (and am in the process of rehabbing) 2 properties for buy and hold out of my home state. One is a 2/1 and the other a duplex (also 2/1's) Both were purchased with cash at 75-80%...
Miho Y.
DTI ratio 70%! Can I still get conventional cash out refi?
Dear lenders, I put too much down payment on my multi unit as a buy-and-hold. I am receiving cash flow from this and needless to count on depreciation I am totally capable of cash out refi. However, according to my le...
Charles Granja
No property tax / Assumable debt for multi-family. How would you qualify/structure?
Hello Biggerpockets,I would like to hear your perspectives on this.I do not pay property tax in Chicago and I found that I can purchase a triplex/quadplex in Chicago or the suburbs for up to 800k. After this write-off...
Doug Lovett
Loan for two rental houses
I am working on securing financing for two rental properties that my mom owns. I'm having trouble getting a loan on both of them due to seasoning issues.
One is in Jacksonville Florida and was purchased about three ...
N/A N/A
Tax implications of sister-in-law on title?
Hi all,
My wife and I are helping her sister to buy a condo so she'll have a place to live when she gets married, which is coming right up. However, she has no established credit, so the loan will go under our names...