Based on your responses, the safest route to avoid FIRPTA tax is to do a simultaneous exchange.

So there are a few ways to look at this, the 1st question is are you sure your renovation’s will double the property value, most renovations on primary residences, your lucky to get 60-70% of the dollar cost back out upon sale, so really nail down your comps, than you have basically a math problem if your rate on your primary goes up how long if ever before that extra payment is more than 400k in taxes, that’s just a simple calculation to help you decide, but I suspect you actually have a different question here, from a purely financial perspective my guess is the best option is to do anything to avoid that tax hit, but one of the reasons to make money is to spend it on things that you enjoy, based on your overall financial picture and a subjective view of how much enjoyment you will get out of a renovated home, you should decide if you want to roll your profit into another deal or “cash-out” your winnings, I love cars and I’m willing to spend more than is fiscally smart on them because they bring me joy, there is nothing wrong with that, but i don’t think it’s a fiscally smart choice, without knowing your exact property id imagine a renovation would fall into that category, so that’s the terms I would use to decide.

Hey BP Community!!  I woke up to a text this morning from a tenant living below a tenant who was up all night blasting music.  The cops were called by the lower tenant.  Wondering what the next steps are for me as a l...

Perhaps there is one, but until that can be provided as justification for their decision it doesn't seem proper for USPS to be playing 'detective' telling people they can't hang a mailbox when there is a physical address on record with the county.Has anyone run into this too?

-Taking 10% reserve for vacancy, PM, and Capex-5% for repairs -All other numbers are standard values based on my area.

When it's tenant occupied and time to refinance, would the commercial loan be based on the 700k total?  

NOI is what it is, and is property-based for easy comparison.  

I've been playing around with that idea for some time.

Especially the program loans. literally the “seller paying commission” is just an accounting play to make banks finance commissions. 

Hi @Annie Balagot - I'm a broker, investor, landlord, etc. based in NYC & Westchester.