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My husband and I are trying to set up a 1031 exchange for the sale of our house which is free and clear. But because we are older and nearing retirement, we want our son to use this 1031 money to continue investing in...
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Hi BP family,I am a new rental property investor from overseas. I have a question regarding the property tax and it may sound very basic.Let’s say the flipper bought the property a year ago for 100k and paying a low t...
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Hey BP community! I am in negotiations with an Out of State property owner that is trying to get out from under a property. The owner and spouse bought into a property several years ago they found on eBay. Anyways,...
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I just bought a half duplex and want to waterproof the basement. However, the other side is abandoned and unsecured. The basement of the other half is completely molded and needs gutted. I can't properly waterproof my...
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I received a notice for hearing with the county Board of Review for our multifamily property in Dayton. Apparently, the Board of Education there tracks commercial sales and files against these properties once they are...
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I’m looking for advice on trading up from a Single Family Rental to a Multi-Family building. My wife and I have been SFR landlords for 10 years and would like to scale up our investment properties. We currently own a ...
I have been in talks with my parents about purchasing their current home and I'm renting at this time. Their mortgage is too high for them to afford but with my income/credit, I'd be able to purchase their property. T...
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Situation: I own a three family house, fully rented, through an LLC. I'm the sole member. The LLC didn't take any debt to find the purchase or rehab. I have some personal LOCs I've used, plus significant cash. I...
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I hear and have read a lot about seller financing from the buyers side. My big question is if I sell a house I own outright and want to sell it with seller financing what are my tax liabilities. I know I have to decla...
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Hello everyone, I had a question on financing for a SFH: I will be purchasing a SFH from my parents for 160k. The house is worth 240k from our last appraisal in February when my parents had bought out the beneficiarie...