Lisa S.
Need advice on a "methy" problem - fourplex deal
Sorry to jump the forum like this with no history here, but I'm desperate for advice.I'm under contract to buy a fourplex in salt lake city (hot market), and the inspections have been a little nightmarish. I can still...
Michael Thomas
1031 exchange in an overinflated market?
I need some insight on a 1031 exchange. I have a closing coming up with a relinquished property netting me just over $140,000. This equates to $700,000 in spending power at 20% down. The only problem I am seeing is th...
Gehmelle Johnson
In response to Covid 19 Tenant Request Rent Reduction-hours cut
Good evening Real Estate Investors!
I have been a landlord for about 11 years and still finding myself learning new business techniques, and styles. I own a total of 5 units, a multi unit (in which I reside in one) ...
Robert M.
?Should I ?refinance my FHA 4% interest loan with PMI to a conventional loan at 4.375% without PMI?
I obtained an FHA loan for 240k at 5% with PMI back in April 2009. In 2013 I received an offer in the mail to refinance my loan to a streamline FHA loan to 3.5% interest rate, the mortgage company didn’t lock me in...
Kay B.
No shower for 3 days due to necessary repair
I am a new landlord and need to replace the only shower in our rental property, which will take 3 days to complete. The tenants will be staying at the premises for the duration of the repair and expect compensation fo...
Fred Sams
Need Clarification on Apartment pro forma
Reviewing a deal I received from a broker "16 Unit Apartment Bldg". In the Five Year ProForma, The Seller is reimbursing the 1st year management fees which is about 10 % of the net rental.As well as the 1st year HOA F...
Joe B.
question about capital gains tax
i was gifted a house... im looking to sell the house now and want to avoid capital gains tax.... can i gift the profit from the sale of the house to a family member and avoid capital gains tax?
Frank G.
What next when I move away from where I currently have property?
Hello BP community, I'm panning a move away from the area where I currently have invested and I am trying to figure out what to do with my rental property that I have had for about 6 years now. The questions I am stru...
TJ Woolum
Refinance for Line of Credit
Hello everyone,I currently have a portfolio of 10 SFH rentals. 6 of these are on 30 year conventional mortgages with rates anywhere from 3.18% to 5.25%. 3 are on a 5/20 ARM at 5.1% and 1 I just closed on a 5/20 ARM at...
Ryan Newport
Cost Segregation on my House Hack to reduce W2 income
Hi, I am currently house hacking a triplex. It's my understanding that an individual is allowed to deduct up to $25,000 in PASSIVE losses against ACTIVE income if and only if that individual earns less than 100k MAGI ...