Nicole Heasley Beitenman
3rd rental is in the works!
Nothing crazy, but I secured a turnkey 2-bedroom in a nice neighborhood. Just a conventional sale off the MLS for $47k with 20% down and covering closing costs (no option to have sellers cover; as it was an investment...
Jaden Ghylin
Entity for a new flipper
I just broke the RE investors code. I jumped into flipping a property without having all the details hashed out ahead of time. I came across a good deal and had to move, so now I've got a property that's almost thro...
Josh Acuff
Can a real estate holding LLC serve as a 1031 exchange?
I am about to establish my LLC for my real estate holding company. I had a potential investor ask me if the LLC could serve as a 1031 exchange as he was about to sell a property but doesn't have another property lined...
Bob Basting
First deal questions
Working my first deal with a friend of mine. My investment funds are from my Solo 401k. We are able to do the deal with cash, including renovation costs, using a Tenancy in Common arrangement. He will be doing the ren...
Tyson Cox
Alaska State Legislation Could Require 90 Day Rent Increase Notices
On Friday, March 1, 2024, the Alaska House of Representatives House Labor & Commerce Committee had a first hearing for HB262. What is HB262, and why post about it on BP? HB262 states:
"An Act relating to increase...
Ken Badziak
recharacterizing ira tax implications
Perhaps a CPA here can answer this question; I asked mine, and he didn't know as I was the first to pose this question to him. He offered to research it, but that costs me money that I don't have now...Earlier this ye...
Glenn Stallings
Does all move in money need to be guaranteed money?
Does all move in money, 1st last and deposit need to be guaranteed money such as cashiers check or money order? Also when said prospective tenant should earn 3 x the monthly rent is that gross monthly or net? Thank you!
Andrew Mariyanich
Newbie form District of Columbia
Hello all,I have recently joined BP and have already learned quite a bit from all the information available on the site. I am looking to do fix & flip deals in the Washington D.C. area (DC, MD, VA) and would love ...
Quaid Cde Baca
When to get out/ move on on a property?
Hey all! I'm now 1 1/2 years in on my first out of state rental property, a duplex, in Davenport, Iowa. It's in a rough part of town, ~C neighborhood, with a nice & reliable section-8 tenant family, with the o...
Jason Douthitt
Option to Lease/Option contract Critique
I have a seller with fairly low equity in a growing area of a suburb nearby. She really needs help and the only theoretical way I see it is through a lease option, then assigning to a tenant buyer. The margins are too...