All Forum Posts by: Wogderess H.

@Paula Willis how did it go. Were you able to buy an existing one or did you get one of your own? I'm looking to get started too here in Charlotte. 

@Nalo Coban do you still have that house? Or did you ever get into the AL space at all? I'm starting the research on it and would love to connect with anyone here in Charlotte.

@Jason Mendoza how is your facility coming along. do you have one running yet? Either way, could you please share your experience on the journey so far? Thanks!

@Justin Owens did you open up this facility? If so, can you please recap your pre-open and post open experience both with state regulations and operations after? I'd greatly appreciate that as I'm getting started in the business. Thanks. 

great. thanks @Drew Reynolds.

Hello BP,

This is not a 1031 question but I thought the audience here may have better idea of what I need. 

If one meets the requirements of an accredited investor, do they go register somewhere or how does it work?

Thanks!

I am trying to get a list of 8-90 unit multifamily properties. But I keep getting condos. I fall for this and bought a list worth $165 and spent another 731 in yellow letters without verifying what they are. I only noticed after I started getting calls from people trying to sell their condos. 

I thought I refined my search to avoid condos and when I looked at my sample, it's still a condo. Anyone has a guaranteed way of avoiding those?

Here's my criteria, let me know if I am missing something:

Geography:

Several counties I'm interested in

Property

1. Units - number of 8-90

2. Property type - Residential : multifamily

                        -Residential : apartment

                        -Residential : quad

Thanks! 

Thank you everyone for your inputs!!

It's in Alexandria, VA

Hey BP,

This is for s friend of mine...

He just bought a town home and was trying to rent his condo he lived in for the past 4 years. He still hasn't changed his address to the new town home if that helps. He couldn't get tenants as quickly as he wanted so he's contemplating selling it. 

If he sold his condo and net $50K, would he be taxed on that or does this fall under the "less than $250K net profit, not taxable" category? 

Thanks!