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6 October 2024 | 27 replies
I personally love Propstream's search criteria to create scenario-based searches (i.e.
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5 October 2024 | 16 replies
When it comes to my clients, I like to run through different 1031 exchange scenarios to see what we can do to provide the maximum benefit of deferred tax and also be able to achieve what we want to do.
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7 October 2024 | 16 replies
It's called Fraud by Inducement.OP does not understand how most wholesalers work.. its common knowledge that wholesalers do not use full disclosure to secure contracts not all but most..
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5 October 2024 | 6 replies
Holding company over separate entities is what I see common with the investors I work with.
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5 October 2024 | 2 replies
I'm trying to confirm my understanding of a less straight forward capital gains scenario than the one-time purchase and sale most deals involve.Essentially 100% interest in a condo was acquired over time, as each joint tenant passed away, leaving 1 sole tenant who gained full ownership by rights of survivorship.I've gotten differing opinions from different professionals and am trying to understand the calculation of the basis and the final capital gains tax that would be due myself so I can spot bad advice and understand deals.Assumptions:A condominiumNo depreciation has ever been taken by any owner.No 1031 exchange.No expenses or improvements.
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9 October 2024 | 16 replies
I will also change all 4 BR windows (common windows have already been changed) and a wall heater (not operational) but consider these cap ex and not included in the $5k.
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4 October 2024 | 1 reply
In Minneapolis, the Downtown East Commons Park, initially built for Super Bowl LII, has helped attract office buildings and residential developments.
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5 October 2024 | 1 reply
Below is my response to common points often brought up when it comes to the apartment building situation.1.
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4 October 2024 | 2 replies
In this scenario, the tenant remains liable for their portion.
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1 October 2024 | 4 replies
Amongst the common misconceptions I see by posters on BP are that hard money loans are junior mortgages to fill the gap between institutional financing and down payment; that it is in lieu of down payment so the borrower can acquire a property with “no money down”, and that it is money borrowed to use for an earnest money deposit.