Henry Clark
Self Storage- Selling Process
17 June 2024 | 3 replies
Very few people move out of storage in the middle of the winter and all locations around are full.
Lisa Rodriguez
Best Property Management Software?
14 June 2024 | 13 replies
Buildiummove used appfolio and property wareBuildium is the easiest if the three to use hands down.also used steesa for some things and cozy for others in the past but neither of those are truly property management softwares.
Alvaro Roman
Building a Company
16 June 2024 | 2 replies
I'm a multifamily analyst for a bank that originates all sorts of real estate loans, and I am looking to connect with people that have a passion for real estate and money.
Patrick Irish
1031 and Sec 121 Experts - want to sell rental but tax worried.
17 June 2024 | 9 replies
@Patrick Irish based on what you say, the Sec 121 Exclusion and the 1031 Exchange both seem like they'd be good options for you to defer capital gains on sale of the townhouse.Sec 121 Exclusion has 3 requirements: First, Determine whether any of the automatic disqualifications apply (acquired property through 1031 exchange in last 5 years, or subject to Expat taxes)Next, meet the ownership requirement -> you owned the home for at least 24 months (2 years) out of the last 5 years leading up to the date of sale (date of the closing)Finally, meet the residence requirement -> owned the home and used it as your residence for at least 24 months (or 730 days) of the previous 5 yearsThere is no “Wiggle Room” but there is a Sec 121 “partial exclusion” for people like you that missed the residence requirement by a few months.
Calvin Matthews
Use a line of credit from a vacation home to buy a primary residence?
15 June 2024 | 9 replies
I tried searching in the forums for a similar post but came up empty handed so I welcome facts and opinions from everyone.
Richie Linnon
In contract on first property, tenant concerns.
16 June 2024 | 4 replies
The unit I want to occupy has 3 people living in it, when is it safe to give them a notice to vacate and does anyone have a template for this?
Josh Deever
New Investor Tips
16 June 2024 | 16 replies
(Max vacated rents - your monthly mortgage payment) = +/- net cashflow.On the other hand, you could also look into multifamily units where you can live one of the unit and rent out the other vacant units with as little as 5% down payment.
Chad Verde
Need Career Advice
15 June 2024 | 8 replies
Obviously, there are people that leave W2s to get into real estate full time.
Aubrey Ford
Community well purchase?
16 June 2024 | 4 replies
So add the drama of dealing with people who are already not paying for their water.
Alessandro Coca
New To Real Estate Investing
15 June 2024 | 5 replies
Flipping is a high risk high reward endeavor, especially with people just starting out.