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21 January 2025 | 27 replies
Offer discounts for applying in a short time period or- offer a free application fee.
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13 January 2025 | 15 replies
Alec,The free services go a long way to giving you a pretty good idea for what a property’s demand will be.
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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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13 January 2025 | 16 replies
First house in 2021 - no internet to search at that time, remember going to realtor offices and seeing magazines and talking on phone with them about properties available and driving by them as there was no google street view.
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4 January 2025 | 11 replies
Feel free to reach out if you have any questions.https://www.biggerpockets.com/forums/432/topics/1013061-sect...
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30 January 2025 | 19 replies
Or that it should be free?
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16 January 2025 | 2 replies
Here’s the context:The house appears vacant, with a large tree that has fallen on the property.From what I can see, the house seems full of furniture and might even be a hoarder home.I’ve skip-traced the property and found that the owner has unfortunately passed away.The house seems to be mortgage-free, and I’ve identified three phone numbers associated with the son, who I believe is the heir.I’d like to reach out to the son to express my interest in purchasing the property, but I want to ensure I do so respectfully while also gathering the right information.Here are my questions:What’s the best way to approach the heir while showing my condolences for their loss?
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3 January 2025 | 5 replies
The unit consists of two beds, one office and one bathroom.
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29 January 2025 | 22 replies
Second pro is that you get to lower your living expenses or live "rent free" by having your tenants pay for your mortgage payment.