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The terms "buy and hold" and "cash flow" are often used in real estate to describe different investment strategies. Here's a breakdown of the key differences between a "buy and hold" real estate market and a "cash flo...
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I have a condo that has risen in value and I would like to borrow against the equity to reinvest in other properties:Current condo value: $315-325,000 Current mortgage balance: $131,000Equity line I would like to rein...
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Hi all,
Was hoping to get perspectives / hear stories on how others approached the possibility of selling RE assets and using the proceeds to paydown debt on other properties.
Here is what I see as potential +’s and...
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I own my current primary residence & have about 140K in equity. The plan is to purchase a new home & keep current as a long term rental. The new home needs remodeled for about 150K. Trying to decide if we shou...
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Buying my first commercial property in South Dakota. I talked to my CPA and he stated that there isn’t any tax benefits to purchasing this property INITIALLY. Is this true or is anyone aware of tax savings or reduct...
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In listening and reading BP Forums. I have heard that you need to have 7 streams of revenue. What are some streams of revenue you use? for me as of nowW2 jobUber/LyftResidential rentalCommercial rentalNotary service ...
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Hello BP friends!I am planning to partner with a friend who will provide 20% of money for the downpayment, while I get conventional financing for the 80%. My question is: How do we legally structure the partnership to...
I was told by a mortgage person to get a license or certification to tell that I am self employed to get a second line mortgage. I dont want to do anything illegal. Is this illegal?
I dont have enough income coming i...
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I live in Pennsylvania and just refurbished a home. It's near Penn State and I don't want students in there partying and damaging the property (because that is why I had to refurbish it!). I'm wondering if I can ask m...
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My friend wants to give 100K loan to my LLC from his LLC (no interest) . And I want use that money for my housing flip investment. He wants to give that as 1099 but that will be my consider as income to me. I am going...