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Question on capital gains tax on multi-family sale
2 March 2018 | 6 replies
The law lets you "exclude" this much otherwise taxable profit from your taxable income.If you wanted to continue investing, I would consider looking into a 1031 exchange to use the profits of your investment to invest in a new rental property.
Chase Gibson
Can you terminate property management in place at purchase?
28 February 2018 | 10 replies
Part of the due diligence process is discovering what service and other contracts exist, and whether and how they may be enforceable against a new owner.The leases should be assigned, security deposits transferred, and any service agreements which the buyer does not want continued should be terminated (or dealt with somehow) as of settlement date.
Account Closed
Quickbooks Class Feature
2 March 2018 | 2 replies
If I move to something like GNU Cash or Xero, is there a way to continue using class?
Aman Sidhu
OOS Investor travelling to Birmingham March 12-15
14 March 2018 | 16 replies
The GRM for the city limits varies between 60-85.
Roger Beaman
Trash from Property to Sidewalk and back again
29 March 2018 | 9 replies
This went for a while, my wife and the tenant were dressed for work, running late, so told the inspector the discussion would have to continue another day.
Jarrod English
Renting Out Homes For Sale
8 March 2018 | 2 replies
Usually a property manager markets the house and manages upkeep but the owner still pays for everything the property manager just usually makes about 10% of gross rents (probably varies based on the market)If your not a property manager but somehow work a deal where you can sublease you’ll want to make sure that you do that right and have a good contract that protects you.
Daniel Carman
My 10 year journey to purchase my first 24 unit apartment complex
18 December 2018 | 20 replies
I have always self managed and will continue on the SFR, that may change depending on how my experience with my new rental management company goes.So I made a decision that doing one house at a time, basically unleveraged wasn't the fastest way to go about this.
Stephen McCracken
Reciprocity- CA Licensed Agent & CO Independent Broker's License
1 March 2018 | 1 reply
I've been researching online for the best exam prep courses and it seems like KAPRE/Brightwood Real Estate Education is my best bet as I do not need to take continuing education.
Gil Happy
Mortgage Question On Investment Property With Partner
1 March 2018 | 6 replies
The options are many and varied and require a full picture of the co-owners goals, objectives, financial contributions, timelines and more.
Kevin Meyer
Property Managers in Indianapolis
4 March 2018 | 8 replies
We’ve had to take over a lot of crazy situations since we have so many turn key operators of varying levels of ethics in our market.