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One of my preferred phrases is "Let Painters, paint." Guided by this principle, I delegate most tasks to skilled professionals to ensure efficiency. I currently outsource to a full service property manager who excels ...
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I bought a house for 60k and am selling this month net me 80k and want to do a 1031 exchange. Do I have to escrow the 20k profit only or the whole 80k proceeds from the sell? Do I have to buy a property to defer taxes...
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I originally posted this in response to Joshua Joshua Dorkin 's thread on evictions. It's a great read. (https://www.biggerpockets.com/forums/52/topics/198716-how-to-evict-a-tenant-the-ultimate-guide) I thought my e...
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Hey Guys and Gals,I have a question. I own a Duplex in a smaller town , and there are some wooded and vacant lots near by maybe one block over. I just discovered Habitat for humanity is starting to build on some of t...
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Hello BP Community! I have recently closed on not just my first, but second multifamily property purchase within the last two weeks! These properties are being treated as out of state investments, and i have hired loc...
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Hi BP folks. I am remodeling a unit - adding a bathroom, laundry unit, and updating kitchen. My PM suggested an architect, rather than a home designer or draftsman to draw the plans. He referred a couple options but h...
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Hi everyone,I am a real estate investor and agent in the Oklahoma City metro area. I have been selling wholesale real estate for the past 6 months primarily single family investment properties. I have recently began m...
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I have known about self direct IRA but not Self Directed 401K and 'Checkbook' IRAs. I wanted to take control of my personal debt and let my IRA benefit from the loan but still maintain tax preference.What circustances...
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Hello BP Community,We sold our home and the portion of the funds (~ 400K) that had to be wired to our Mortgage Servicer was sent to a fraudulent account (Wire fraud) by the title company. While Title company is invest...
I just sold most of my stock in one of my SDIRA accounts and purchased 2 condos that I plan to rent out. One condo is currently vacant and the other is occupied. I have an LLC set up for my other privately held proper...