All Forum Posts by: Camilo Rey

@Frank S. I think you are letting your feelings get involved. Keep your head cool, you can always find more opportunities. Keep firm the price. 

Welcome to BP @Johnathan Mark, 

Bp is a great family and this is a long learning, enjoy it a lot and maintain your level of enthusiasm.

Why do not you check the tax payment history? Get in touch with a real estate agent that allows you to obtain that information. @Keng Ng 

Really good job @Nicholas W

Hi @Rocky Griffin

I just find this on a website, probably is going to help you.

"What Qualifies?

Property held for productive use in a trade, business or for investment may be exchanged for like-kind property. For real estate, like-kind property is widely defined as real property located in the United States and some of its territories. A single-family rental can be exchanged for a duplex, raw land for a shopping center, or an office building for apartments. Any combination will work.

Real property and personal property are not like-kind to one another. A commercial building may not be exchanged for an airplane, a single-family rental for a licensed timeshare, or raw land for heavy construction equipment.

Personal property is evaluated based upon its nature and character, its General Asset Class, and NAICS classification. A school bus may be exchanged for a metro bus, a barge for a tugboat and a fleet rental car for a taxi."

Thank you guys, for share your experiences. 

Hi @Mark Thompson

Welcome to BP. I'm located in Houston, let me know how I can help you.

Hi @Jered Sturm

I congratulate you for maintaining the philosophy of helping others and keeping information accessible to everyone.

Hi @Jorge Quintero , @Account Closed

After Harvey, the occupancy rate for rental properties increased considerably, but this does not mean that it will be maintained in this percentage (approx. 92%). Remember that there are many people who rented while they fix their houses (floating population). On the other hand, there are always business and investment opportunities, the correct question is, are you doing the work to find these opportunities? There are many strategies, but not all of them work for everyone. If you want, we can talk and I share a little of the information I have found.

Welcome @Mark Thompson to BP.

I recommend you do the Paths, listen to the podcasts and the webinars.