Here's the situation. An offer was made for 550K with a list of 659K and the bank has countered with 640K. The property has been on the market over a year and has been reduced from 989K. A similar property closed 2...

can someone explain this term in the context of 1031 exchanges?  Are units in the same building considered substantially similar? For example, the unit you identify becomes unavailable and you buy an identical one in ...

I have closed a property yesterday that I took a hit on... it was my first loss in 3 years and over 250 transactions that I funded. Take away... BP member good talker bad in execution.. I went and met with him in Atla...

Interested to set up meetings in Atlanta with potential lenders (hard money as well), investors and bankers between November 20th-December 20th. We need to discuss finding long term financing for our current offices a...

I have a 1 FAMILY RENTAL property that I have been renting out for 2 years.My cost basis for the property is 500k. I would like to do substantial improvement to the property by building additionand increasing square ...

If you're thinking about buying a multi-family property and making one of the units your primary residence, you've probably learned that FHA is the way to go if you want to minimize the down payment. FHA requires just...

Anyone out there research this? My goal is to retire and live off of income of six single family home investments by age 55. They need to be free and clear and the thought was to use my 401k through the SEPP program...

I am single bread earner in my family while my wife takes care of kids. Few years ago I started feeling there is a need to earn more to support our growing needs perhaps with a second job but that would take away my p...

I'm confused by the general summaries I've researched in regards to the timeframe of when you must improve the structure value of a property within an EOZ
The IRS website say
"A46. Property is substantially improve...

How should I approach this deal to mazimize my profit? Should I do a "subject to?" Should I buy the property to bring it current and sale it there after? I really need advice. Thanks in advance.