Curious if everyone can help me with a theory i was told today by a few friends (real estate investors) regarding buying brand new duplex over an older one that needs little renovation. Is it true new construction dup...
I’m doing my first 1031 exchange and will be netting about $200k. I am planning on using it to buy multiple properties in AL, TX or OH and wanting to use the BRRRR strategy on these homes. Looking for some advice on...
I am looking to sell 2 duplexes that are not cash flowing well. I own some land and already have plans to put a quad plex on it. Can I use my 1031 exchange to build the quad? Or split it and use some to build on anoth...
Hello,I just bought a SFH in Southern California and planning to do a full gut and convert the garage into a unit. I am going to move in the SFH then rent it out both units in the future. This is not my forever home.D...
Sales of existing homes were down in February but this not a sign if a downward trend. New construction that will improve the low inventory of available houses as well as increased consumer confidence will improve hom...
Hi BP,
I just closed on a duplex which I am house hacking. I wanted to know if I make upgrades to the unit that I am living in can those expenses be claimed on my taxes?
My question is, if I purchase a tax deed in Shelby county Alabama for $1,000.00 and the value of the property is $20,000.00, does the pervious owner have to pay the $1,000.00 plus 12% interest for having the property ...
Good evening,Do appraisers look for permits? I have an appraisal coming up which I will not be present for. I am wondering if I need to provide copy of permits or not. I am assuming not.Also, should I email the apprai...
We’re almost halfway through 2024, and the housing market is at a standstill. Mortgage rates are high, inventory is low, buyers have fewer choices, and many homeowners refuse to put their properties up for sale. But c...
I am doing a 1031 exchange. I would like to know whether I can use some of the proceeds (tax free, or more accurately deferred taxes) of the property I am selling to buy furniture, new kitchen of the new property that...