Hello BP'ers,I had someone call me regarding a 4 unit that he's interested in selling, but is concerned about taxes and recapture costs. Property was purchased in 1989 for 165k, current market value around 270k. Owner...

Hello group! im new here and this is my first post! I have a question in regards to gift or equity.My parents have a house they wanna get out of a payment. They owe 68k, it does need some work, I’m willing to put in t...

Hi all,
I'm looking for references for a REI accountant for tax advice in the Baltimore, MD or Baltimore County area.

Any help is greatly appreciated!

Thanks,
Chris Lauer

I completed a 1031 exchange two years ago, but found the strict time limits made it difficult to find a good deal. It often feels like either selling high and buying high, or selling low and buying low. I sold one pro...

There are three 33% partners in an LLC and six equally distributed heirs (6).  We'd like to simplify the next generation's responsibility and sell one third to one partner in a cash out deal.  Two partners would remai...

I'm looking for someone who can clarify the homestead exemption act for me. As i understand it today, I can sell a house that I've lived in 2 of the last 5 years and not pay capital gains tax on that. So I did that, l...

Hello     I've been following this thread and have been gaining some much needed information. So if I am correct once I receive my tax certificate I can begin the possession process and current owner has 3 year redemp...

Hey Everyone, heading out to Cleveland,OH from Brooklyn,NY this weekend to check out the real estate market out there. Any realtors and property managers that could meet up for a talk? Also open to checking any open h...

One of my friend has business of flipping houses. He offered me to invest in his business on profit sharing. I will be just an investor and will get my money back with profit once he sells property after fixing it. Ho...

I have a few questions as it relates to LLCs and I am sure that they have been answered countless times here on the forum so I apologize in advance. I do not know what I do not know, so anytime I mention what "I know...