All Forum Posts by: Dan Hawker

thanks for the info

We recently purchased a property that we rehabbed and are curious how long we have to hold it before selling it using a 1031 exchange to a more expensive property.

I have noticed that when a bank(for example) buys a property at a sheriffs auction it doesn't get recorded on the auditors side until it get resold to an investor or other buyer. Is this common? 

Also why would a bank pay considerable more than the appraised value and higher than the ARV? Write off a bigger $ loss?

thanks

@Chris Butler

I have read some investors give a discount of $25 or $50 for those months that Tennant's pay on time. Has anyone ever offered that telling them they would get that money in mid December? It shouldn't hurt if you are accruing for it like any other experience and it may come in handy for the Tennant for holiday shopping. Plus it helps getting rent on time. I think all of this could and should be in the rental agreement.