Sherry Norman
numbers on one of our more lucrative SFH flips
This flip is in northern NJ, middle class area in suburb, cape w/4 bdrms. and one bath.Purchase price (short sale, buried oil tank) $112kRehab $50k (paint, refinish HW floors throughout, new fixtures and tile in exi...
Rob Roy
Owner Occupied- Want to Move Early Due to Drug Dealing + New Baby
Hi Everyone!My wife and I bought a townhouse two months ago using a 5% down conventional loan. We had the intention of living there for a year, turning it into a rental and then going to buy another property in the a...
Jack B.
10-31 mortgaged property for multiple paid in full properties?
So can I:1) Sell a paid off rental property and 10-31 exchange it for two mortgaged properties so long as their aggregate value does not exceed 200% of the relinquished property?2) Sell a mortgaged rental property and...
Jacob Munson
Advice on selling or renting my San Diego area condo when I relocate to Denver
I purchased my 2Bed/1Bath condo in Encinitas (North San Diego) in early 2021 for 435k (40k down) and with the market going crazy the past couple years it is realistically now worth approx 620k. I am looking to relocat...
Christopher G.
Business Structuring: Real Estate Privacy Trust..Do I need this?
I have an LLC with 4 properties in it. The company that formed my LLC in Nevada is trying to sell me on forming a Land Trust / Real Estate Privacy Trust. Can anyone tell me if this is necessary and what the point of...
Isaac Isaacson
Possible Refi for a Rental without Employment Verification?
Short: Can I refinance a rental property to cash out on equity without having a "job?"
Longer version: This house is in New Orleans - bought a destroyed property after Katrina and rehabbed. Lived there shortly and...
Allison Cannie
What portion of damaged flooring can I charge for?
Hello - I have a tenant who damaged the flooring in several areas of my rental. The carpet in the living room area has a couple of large areas that almost look and feel like the carpet has been burned. Also, the vin...
Ayo A.
Can a new landlord inherit a pending eviction process?
We are closing on a property next week. Seller called he wants to evict a tenant for non-payment. Should we let him go ahead with giving the notice and proceed with the eviction (and then inherit the eviction), or sho...
Kaylyn T.
Buy out co-owner and avoid capital gains
Hi BP community,I want to buy my co-owner out of a property. Does anyone know if it's possible to pay all cash to take their name off of the deed, thereby avoiding closing costs, refinancing, capital gains, etc? It's...
Daniel Dishner
Getting the most out of an LLC - Arizona
Hello BP Community, I'm a relatively new agent in Phoenix, AZ ~8m in. My goal is to really get going on some deals this year and my broker highly recommended I open up a PLLC for myself. So I filed with the state abou...