Henrietta Lee
Tax pre-payment for rental sold
Hi, I sold a rental property that was rented for 16 years in CA this year. The net capital gain was $480,000. Depreciation taken was $100,000. Escrow already withheld CA State tax. I'm retired in FL with $25,000 socia...
Ann B.
Trust – Joint Tenants – Now What?
My father owned several rental properties IN MISSOURI as an investment and supplemental income for his retirement. He placed all of them into a trust 1) as a stronger mechanism than a will to ensure that his wishes an...
Michael Wolffs
Value and expenses of in unit laundry
I'm renovating a triplex. In the process of interviewing contractors, one of them brought up the idea of putting laundry machines in the units. The alternatives are putting pay machines in the basement, or not pr...
Christopher Hall
Newbie Question on Self Storage ($250,000 to invest)
Hi everyone, I am making some general assumptions here to see if I'm in the ballpark or not. I'd appreciate any help.
1. As mentioned in the title, I have $250,000 to invest. I have a SFH rental, and it appreciate...
Steve K
Maximizing Your Time
Thought I’d get the consensus from the rehabbers here who are doing at least a few flips per year.
How are you maximizing your time when it comes to finding rehab deals? It’s been incredibly time intensive for me to...
Will Barnard
The Occupants from Hell!
I am currently dealing with some occupants (who are no more than squatters) and getting them out so I can get in and start the rehab has been a daunting process. Typically, I get them out with cash for keys and it is ...
Paul Sanchez
BRRRR Method Using HELOC with Rising Interest Rates
Hi BP community,
I am considering using a HELOC for a 50k down payment on a four-plex. The discounted off market price is 330k with the estimated fair market value at 390k. The mortgage broker has assured me some b...
Clint McAllister
Zoning Causing Losn Issues: Buying House with Detached Guesthouse
Hey all, I am currently under contract and ran into a big curveball weeks into my purchase. I’ll explain:I am currently renting a house in St Petersburg, FL with a detached garage/apartment on the property, which my l...
Joseph Cornwell
RE Broker Recommendations? (Greater Cincinnati Area)
Hello everyone!I am still in the beginning stages of becoming a real estate investor. I have been educating myself as much as possible over the past 6 months, and my goal is to become a Realtor and a part-time buy and...
Tyrone Green
Real Estate Attorney
Anyone know of a good RE attorney in the Seattle, Tacoma, Olympia or surrounding areas?What questions do I need to ask to find out if the attorney and I are a good "fit?"Thanks in advance for your help!