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17 July 2024 | 37 replies
If you go this route, seek recommendations, research the principles and take your time with due diligence before investing.Another option could be getting into multifamily properties where your expenses will all be under 1 roof.Lastly, if you decide to sell the 2 properties, connect with a 1031 exchange specialist before selling to uncover the tax implications.All the best!
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15 July 2024 | 0 replies
Purchase price: $108,000 Sale price: $405,000 Owned for 12 years, 1031 exchanged
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16 July 2024 | 12 replies
This bag of paper is leaving me a funding gap on my buy side (1031 exchange)
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16 July 2024 | 26 replies
I will continue looking around, If I don't find something precise, I may have to pay a lawyer. 10% up is not enough.
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15 July 2024 | 3 replies
It was clear to both parties, with email exchanges confirming that the end date is July 15th and lease won't be renewed.However, I forgot to stop the automatic rent collection through Zillow, resulting in the tenant paying the full July rent on July 10th, which has already been transferred to my bank account.
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15 July 2024 | 4 replies
It was clear to both parties, with email exchanges confirming that the end date is July 15th and that there will not be renewal of lease.However, I forgot to stop the automatic rent collection through Zillow, resulting in the tenant paying the full July rent on July 10th, which has already been transferred to my bank account.
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15 July 2024 | 26 replies
A very big reason for this, I know my target market's with pin-point precision.
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13 July 2024 | 9 replies
Read on for the background story and some more precise questions.BACKGROUND:I inherited a tenant with an existing lease when I purchased a triplex in 2022.
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15 July 2024 | 17 replies
Post in BiggerPockets forums for mentorship, mentioning your skills as a CPA and willingness to help with financials in exchange for mentorship.Good luck!
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16 July 2024 | 15 replies
The downside of this strategy is that the borrower has some leverage to negotiate terms that benefit them in exchange for the Deed in Lieu.Plan executedGiven that we had ruled out the first two options, it became clear that we were going to end up taking these properties back along with inheriting any accrued liability.