I am looking for insight into exit strategies on a single family 3/2 flipped house in Portland 21 days on the market. The pre Covid-19 ARV was projected to be ~400K. The property has a hard money loan of $235K at 10...
I have a partnership in a multifamily LLC (2 apartments - 50 units & 20 units) and now we are about to sell the property. Just wondering if I can use 1031 exchange using the proceeds of this sale to buy an SFR. Pl...
Has anyone had difficulty in buying and selling real estate during these times? Has anyone had more challenges because of the pandemic? Won't it be more difficult with the majority of Texans not working?
What are some of the wildest things you've heard of people buying ,selling, doing to get another property? I'm asking because I find myself with a lot of wants and not necessarily needs ie motorcycles, sports cars.
Hello BP,
I have been presented with an investment opportunity with a contingency.
Backgroud:
The seller is a family friend living in New York who happen to purchase a investment property In Atlan...
Hi,Via a trust, I was given a choice to retain or sell two commercial properties one in Vancouver WA (multi tenant retail + freestanding bank building) and the other in Hillsboro OR (multi-tenant flex industrial).Give...
Hello everyone!I have an opportunity to purchase a mixed use property that seller is open to using partial seller finance. The property has two residential units on the second floor and first floor is a retail space. ...
Hi everyone,
My friend and I bought an apartment building in 2018, and it turned out to be located in an opportunity zone. Are we qualified for the tax benefits for Opportunity Zone, for example the step-up in basis ...
Another post about not being able to find a property with only 10 days left in a 1031 prompts this question.In this current market, what is the best way to perform a 1031 Exchange successfully? Do you sell and hope yo...