David Disraeli
Community vs. Separate Property - Why It Matters
The concepts and challenges of community property are not well understood and result in confusion and planning errors. Nine states are known as community property states and the others are not. I am only familiar wit...
Sean Meyer
should i wait to repair until after i move from my current house and before renting
I am currently in the planning stages to purchase a new primary residence and then rent my current residence. It does need a few minor repairs and upgrades. Should I wait to start repairs until after I move to my ne...
Account Closed
Motivated Seller, How to Avoid Long-Term Gains Tax?
I have a scenario for a potential purchase. Basically the guy bought his house a longggg time ago for $20k and wants to sell, and we agree on a $450k sales price. Is there a way to pay him $270k "on paper" so he doesn...
John Matthew Johnston
Crazy estimate for drywall ?
I know this has been asked many times but what do you guys pay for drywall?Estimate for drywall:Kitchen Ceiling 13.7 x 7Dining Room Ceiling 14x10Living Room Ceiling. 14x10Pantry Ceiling 8x10Labor and...
Corbin Lane
Can I move into my 1031 replacement MF?
I'd like to sell my rental home and buy the largest MF I can afford (likely 6-10 units.) If possible I'd like to move into one of the units as I'm currently paying rent. I'm estimating sale proceeds of 380k and my hom...
John Yong
Coordinating a shared driveway improvement with 6 owners?
I'm the owner of a 4-plex that shares a rear paved "street" with 5 other 4-plex owners. The condition of the street has degraded over the years to the point where we now need to do significant work. I'm wondering if...
Lucky Purewal
Rental Income
Do you have to declare your rental income? It is a joint property and the other owner refuses to declare. Can you write off mtg payments? somebody please help!!!!!!!!!
Bo Evans
Can you get a Equity Line of Credit on a MHP?
Hey Everyone I have a specifically random question.What is the process to getting a Line of Credit to a Mobile Home Park that is in a Joint Venture? Is it possible to pull out equity on my portion? We have a MHP that ...
Carrie Hallensleben
Equity Partner Turn Key Property in KC
Here is another questions for you. We are considering selling a property we bought, renovated and rented two years ago. The market has improved recently and inventory in this price range is low. However, while our mon...
Jason Morgan
Subject To
Good morning BP posters,
I had a question about doing a subject to. How much are typical closing costs when doing a subject to and is it possible to do a lease option first and put in the lease option the selle...