Amy Ranae
How high can I go?
I've got an offer in on a house, it's listed at 142, I offered 125, it's worth 230-245 after about 3k. I purchasing w hard money. This would be my first official flip (other than my own 3 houses) so I'm a little nervo...
Tony H.
Need help with depreciation
Hi BP,I cant seem to find an answer to my situation here, unless I missed it. Here is the problem. When I acquire the my duplex back in 2017, the tax assessment for the land was about 50k.I subtracted that from my pur...
Nathan Reo
How To Calculate My First Offer
Hey, Reo here. Bran new. Hoping to get some help on my first deal.I want to offer to buy a lady’s house. She’s an old widow who doesn’t really want the property. She got it when her husband passed and doesn’t know...
Jenny Cashin
Real Estate partnership gone bad: What is Fair Division Of Assets?
Hello,
10 years ago I bought a 4 suite building in Brooklyn with my best friend. We agreed at the time (verbally only, because we were best friends) that either party could get out of the venture after 3 yea...
Erica Anne Langston
First timer: two apartments, two retail units and a ball of angst
My partner and I have been looking at multi-family house for the past two years or so and have even gone under contract on two properties before pulling out because of inspection discoveries. We hadn't considered comm...
Lauren Alpert
Using new construction to fund new deal
Hello BP Community,My husband and I just built a new 5-unit apartment in the Los Angeles area. For the two years it took to construct the units, we were unable to close on any new deals due to the high cost of the con...
Frank Rizzo
Electric sub-panel recommendations
Hi,I own a property with 2 cottages on the same electric meter that I pay the bill on. When i renewer the leases I changed it so they would be responsible for their own electric bill (they have been abusing it with sp...
Carl Hunt
Request for Dallas/Fort Worth Mentors
I am building my Real Estate investor business this year. I would like to gain knowledge from a few Dallas/Fort Worth area investors who would act as a mentor/coach. I have my first deal coming up that is being offer...
Miranda Wikert
New to 1031.... Help!!
Hello... We own a rental home in CA. We owe around $300k and the home is being listed for $550k. We intend to reinvest our profit from the sale into another rental property. My questions are:1. Do we have to reinvest ...
Shirley McLean
Cap Gains or Loss on TX Inheritance Property?
Crossposted in Texas forumHi,
I'm in Texas and my dad passed away nearly 2 years ago. I inherited his home which is paid for.
I've been living in it and have done heavy home renovations. I know
that if I put it u...