Rich Weese
Here you go- I must be STUPID or something 2%-50% rule...
I've been negotiating for 6 months on an extremely nice "class c" property in Dallas area. We're finally going to close on the 14th of Aug. According to those that believe the 2%-50%, I must be stupid, but I'm survivi...
Luke Liu
Becoming a landlord during grad school
I realize this may be a fairly unique situation but I'm wondering whether anyone can opine on this or point me to the right resources.
With the help of my parents I bought a condo in NYC several years ago. I'...
Sheba Shimoji
How does Self-Directed IRA work?
Hello,
I recently came across at an article about self-directed IRA. I was wondering whether or not I can rollover my traditional IRA money to the self-directed IRA, so that I can use this money to invest in real est...
Jonathan Chavez
Tax advice | To 1031 exchange to not...
Hello, fellow bigger pocketers. I'm trying to weigh out my options on whether or not to do a 1031 exchange on the planned sale of a duplex I am about to list. I estimate that we will be on the hook for approx $100K in...
David Grant
Do you have to pay transfer tax if quit claim deed to LLC?
Hello BP community,If we quit claim a personal property into an LLC, are there any transfer taxes? We are based out of Georgia. From what I read online, if there is no cash exchanged, then there is only a $10 registra...
Loren Whitney
Avoid capital gains on primary/rental property
I'm hoping that someone can help me figure out a tax question related to capital gains. This is really a two questions.
I've been reading about the exemption from capital gains if you occupy a primary residence for ...
Nick Radwin
Getting Lending Unique Situation
Hello, I’m in the middle of securing my first multi family property. I have the funds, and 700 credit score, but unstable income.What are the best options to lock in lending for this deal besides getting a co-signer? ...
James O'Leary
I could use some guidance.
I will try to make this as short and sweet as possible. A little background to help you understand my current position.I left my full time job about a year and a half ago to pursue a masters degree. I am currently enr...
Brandon Turner
Have you done a 1031 Exchange? Let's talk!
Hey BP Nation! I'm writing the world's best post on 1031 Exchanges. Maybe I'll put it in my next book. But here's the problem: I need you. You see, I need some good stories to go with the post. So, if you've done a 10...
Kenneth Lim
Need Help Regarding CAP RATE
Hi guys, I read reports on real estate investing and there is something I do not understand. Please enlighten me. I saw something inside the report like CAP RATE 15.2% ....
What is
- The meaning of CAP RATE in laym...