Sell: $500kBuy: $400k + $150k renovationIs there anyway I can make an exchange work with this scenario where I'd be buying in at a lower cost than my like-kind sale but the purchase would have a higher total cost basi...
Hey BP's,
We are in contact to sell condo #1 in NY, fully depreciated. We are entering into contract to buy condo #2, in FL. Closing dates will be on about the same day, conveniently. Using round numbers, sale price ...
Hi all -- I was at a networking event and I met a guy that is a broker for Muni Bond real estate project funding.
Curious if anyone has done this or has any knowledge on it? Apparently it' not well known, but effect...
I Found this on a mortgage Calculator website, if this is true...What would be our new strategy to counter the Thousands of Dollars in Interest payments we can no longer deduct ?Understanding The Income Tax Implicatio...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $420,000
Cash invested: $30,000
Purchased an existing short term rental that had been almost entirely renovated, bu...
I have searched the forums but have not come across an answer to this situation...
I purchased a rental 1.5 yrs ago as a buy and hold property. I am now looking to do a cash-out refi after doing some impro...
Hello,
Seller has offered to fund repair escrow after closing. They have paperwork entitled "Escrow Agreement for Postponed Improvements" to guarantee they will return money after closing that I can have for reserv...
How does the new rent control laws affect landlords in NYS?
Hello BP, During the process of renovating a million dollar property on my own, I've lost a few opportunities while my finances were tied up.I'm looking for advice on structuring agreements for buy n hold using invest...
Hi BP Community!I just want to share a strategy I used on a property I closed on yesterday. Please feel free to critique/ point out anything I'm not seeing:I sold a rental property over the summer that I had a low bas...