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23 January 2025 | 3 replies
Can anyone recommend hard money lenders who specialize in working with first-time investors?
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29 January 2025 | 27 replies
Could you please recommend any local real estate agents?
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22 January 2025 | 22 replies
The calculation involves:Selling Price: $1,075,000Original Purchase Price: $355,000Depreciation Recapture: $105,300 (taxed at 25%)Capital Gains: Sale price minus original cost, minus depreciation, minus selling costs (~15-20% federal capital gains rate for their income bracket).State Taxes: Since the property is in California, state capital gains taxes will also apply.Given the multiple layers, I’d highly recommend your parents work with both a CPA experienced in real estate and a qualified intermediary for the 1031 if they choose that route.If you need recommendations for professionals in Illinois or California, feel free to ask!
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21 January 2025 | 10 replies
Start by asking for recommendations from local real estate groups, Facebook community pages, or other landlords in the area—they’re often the best source.What do you think about getting a good referral from a good property manager?
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23 February 2025 | 246 replies
I highly recommend you read the SEC filing and the 1U Amendment.
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19 January 2025 | 10 replies
@Carl RowlesI recommend a HELOC or Heloan on your primary residence or the rental if you have enough equity in either.
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24 January 2025 | 4 replies
If the guest feels slighted, there is no fact checking service provided by AirBnB to confirm their claims, so it is up to you to let future guests know the level of professionalism you provide.If you are able, I would recommend editing your response to the 1-star review.
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2 January 2025 | 13 replies
Quote from @Patricia Smith: Hi BP Crew,Would love to get some recommendations on property management companies in Cincinnati, Ohio.
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30 January 2025 | 19 replies
If you're looking to invest out of state, I'd recommend listening to episode 1049 of the BiggerPockets Real Estate Podcast.
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19 January 2025 | 13 replies
We recommend RentRedi for tenant and lease management.