Nick Boring
Capital Gains Tax on a Secondary Home
Hello BP and thanks in advance for your help!
From my understanding, secondary homes are not exempt from the capital gains tax, and if you are not renting it out then you cannot do a 1031. However, this client has h...
Chris G.
Drugs in a Rental Property
Been managing a student rental property, the tenants have rented for a few years now and are reasonably good tenants. However recently I've been going up to the unit more frequent since some larger repairs are being d...
Michael M.
First Floor/ Basement Duplex - Shared Meter Issue - ConEd
Hello all,I own a 2 family in the Bronx. I have lived in the first floor unit/basement since I purchased the house. The basement is attached to the first floor unit, but also has 2 means of egress. Essentially it i...
Belinda D.
Receiving a finder's fee from an agent
I would like to provide leads to an agent and be paid for it.
In Ontario Canada I know that an agent cannot pay an unlicensed person a commission/referral fee. If it is called by another name i.e. finder's fe...
Account Closed
Is Wholesaling in Indiana Illegal Without a License?
I am running into real estate professionals and buyers in Indiana that are telling me that it is now illegal to wholesale homes in Indiana without a license. Are you all encountering any problems? Do you have any know...
Nghi Le
How Illegal Additions Can Affect Buyer's Ability to Purchase
Calling out contractors, realtors, and lenders for help on this one...I just purchased a property at auction on Monday. It looked like a deal with its current setup and square footage. However, I didn't even notice ...
David Zimmer
House hacking with an investor
Curious how the financial arrangement is made if someone, for example, buys a duplex with investor #2 but only investor #1 lives in one of the units. Assuming both investors fronted equal amounts for down payment, clo...
Jacob Fussell
Wholesaling Unethical? Why or why not?
I’ve wanted to start a flipping business but I know that limiting myself to only flips locally won’t be as easy to scale unless I include wholesaling abroad. Although I struggle with starting because I’m unsure of whe...
Sofia Sharkey
How to dispose trash for 10+ STR units?
When @Tom Sharkey and I first started our STRs, we would collect the weekly garbage and take it out on 'trash days' to be picked up. Now we have several units (trash days are different) and don't have the time to go u...
Art Roes
Private money
Has anybody heard of or used a website that offers a list of private money lendersis this a scam