Account Closed
Who winning this fight guys?
Hey guys i know this is irrelevant to Real estate but ive been waiting for this fight for a long time! Hope everyone enjoys their night, happy Saturday. I got my money on Mayweather!
Peter Fokas
Real Estate Professional - how to achieve 750 hours?
How many properties does a person need to hold to justificy 750 hours? For example if you own a two family house and rent both units it would be hard to justify that you worked 750 hours to maintain this. IRS does not...
Daniel Burant
Short Term Capital Gains
Hello BP Community. I’m kind of in a weird scenario here and I’m looking for a little direction.
Six months ago my wife kids and I moved out of our owner occupied duplex and purchased our second property single fa...
Ryan St Pierre
Need HELP. Does this purchase make sense?
A family member of mine make some bad financial decisions several years ago and tried to keep it quiet by borrowing money at terrible interest rates from quick loan companies. They have a single family home that needs...
Khanh Tran
Received a law suit after buying foreclosed property
Hi,We have bought a property from the foreclosure sale couple months ago. After the previous owner received our vacate notice, she hired an attorney to sue us, trustee and the bank. We have talked to trustee but they ...
Gabriel L.
Haven't worked past 2 years but have funds. PLEASE ASSIST
I've been in the hotel industry here in NYC for the past 5yrs (still there) which of course has taken a huge hit with the pandemic. I really want to get into small multifamily, but I haven't been working full time sin...
Jo Ballagh
Partner profit split: one invests the money, both split the work
I’m going to pose this from a 3rd person perspectIve and attempt to answer responses in the same manner so as to not give away my personal position in the situation (in hopes of receiving unemotional and unbiased fe...
Chris Adams
CAP rate and COC Question
Im revamping my spreadsheet and I want to get this right.
My model involves me buying distressed SFR properties, I rehab them and then rent them, out or flip.
If I hold the property as a rental I get a ...
Brandon Mon
Good Cap Rate on Low End Properties
What is a acceptable Cap Rate on low end rentals. I have seen between 8-10% but these seem low to me.
Thanks for the advice
Jason Powell
Timing 1031 Exhanges with Market Cycles
I know this is probably elementary, but I would like to know how one should react to both the peaks and valleys of real estate cycles, using both a 1031 exchange and a conventional buy/sell as an example. Bear with me...