I have a question regarding a 1031 exchange. I just purchased my first flip and should make a nice return on it. My question is, with a 1031 exchange do I have to find a brand new property or can I use the proceeds...
Hello, I am trying to confirm how the IRS requires me to calculate the cost basis of an owner-occupied duplex for calculating my capital gains. I think I know the answer, but I am also hoping I am wrong because it doe...
Has anyone dealt with this company successfully? They sold me a house that was supposed to need "minor" repairs, but instead required over $30,000 of foundation repairs, $45,000 of interior repairs and has been sitti...
Hello everyone, I am a new real estate investor. I have $30k I would like to invest in multi family investments. I would like to purchase in Springfield, MO, since multi family is a lot more affordable and rents are m...
Hello everyone, we are currently in the process of buying our first home that needs work, we are going with a 203k loan to fix it and have some equity after all is done.We have received our first quote and we want to ...
We are brand new. We are dying to jump in with both feet, but want to be smart about it.I've got a great day job and do OK on the side with my voiceover business, but it basically all goes to pay the bills. I'm putt...
Hi BP community! I am a newbie to REI and am having a hard time deciding on which niche/strategy to pursue in the greater Cincinnati area. I’ve listened to about 240 episodes of the podcast so far, read quite a few ...
Hello all! I am helping my architect brother raise private funds from family to start developing vacant lots into new single family homes that he will designm. The target area is north eastern Los Angeles and its su...
Amazon narrows the list of metro areas for its new headquarters to 20Amazon says it has narrowed the list of places for its second headquarters to 20.The company says it will spend $5 billion in the area where it buil...
My wife and I just bought a new personal home - one we can finally house hack! We're going to sell our current home and use the equity to pay off my student loans (and because we wouldn't come close to even the 1% ru...