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I was able to get a client under contract on a highly competitive condo unit in the Denver market at asking price in the 250k price range. In this market, we're seeing multiple offers (15-20 offers is normal) and the...
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Hey BP,I am having a difficult time with one of my listings. The property has been on the market now for 122 days. Within those 112 days, the property was under contract twice. The first buyer backed out after the ...
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I sent out 1000 direct mail yellow letters to absentee owners in Fairfax County. The response I got was only two phone calls, both highly unmotivated. Is this typical for the area?
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So I have decided I'm going to get my real state license and work that business. Right now I own my own cleaning business and I have decided it is NOT want I want to do anymore it doesn't give me joy. Originally about...
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IRS-REPS Status - What qualifies as Real Estate Professional?I have reviewed multiple sites blogs posts etc about REPS and found very detailed information, but one area still remains less clear for me. There are 11 ca...
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If selling a home do I need a real estate agent? Just trying to save money if I can do it my self or hire a lawyer, title co, and/or escro co. Any idears?
Thank you,
Gulliver Raza
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Background:
I just turned 40. My net worth is 3.2 million. 1 million liquid cash, the other 2 million is equity in my houses including primary residence and rental properties for a total of 8 properties. Cash flow i...
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Hi Everyone,I am trying to understand how the property gain taxes work in Maryland. I know I can use a 1031 to work around the taxes for a little bit but I will using a private lender so I don't believe that will be a...
Hi BP veterans,
My buddy and I were fortunate enough and bought a couple of handful properties in the San Francisco Bay Area in the recent years. Since they have appreciated substantially, we're thinking of 1031 som...
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Hello, So I purchased a commercial property about 8 months ago. All went well until we started to discover things that were not disclosed. to make a long story short, the seller and broker both knew (have proof) of co...