Tess Vismale
SHORT SALE TAX IMPLICATIONS
I have just enlisted The Short Sale Service, to assist me in a short sale for my rental. The tenant's boyfriend wants to purchase the property. The plan is to simultaneously do the short sale and sell the property to ...
Troy F.
Seeking debt reduction advice
Hello,I'm looking for a little advice on which debt I should reduce. I have $30,000 I've decided I want to put down on the principal of one of two rental properties I currently have mortgaged. I'm curious to hear whic...
Scott Graham
Reduce Direct Mailing Costs??
Morning BP!My partner and I are ramping up our Direct Mail Marketing Campaign. Right now we are sending out ~500 letters a month to motivated sellers. We are able to do this for 61 Cents per letter. Stamp = 50 CentsEn...
Matt Liu
Increasing stated income to qualify...
So admittedly I have some flexibility with how I file taxes since my income comes from my sole proprietorship (music teaching). I'm planning on stating around $25,000 in income this year (a lot for me) in order to hel...
Steve S.
Opportunity Fund or 1031 Exchange: Which is better?
The 1031 Exchange has been one of the most tax efficient investment vehicles available to real estate investors for many years. However, with the creation of Opportunity Funds under the Opportunity Zone program, the 1...
Jackson Tate
Strategies for Taxes on Long Term Sale?
My dad is going to be selling his home soon, a house he has lived in for almost 40 years. He will more than likely be able to sell it for close to $2M, and his basis is probably around 500k. This sale is what is going...
Anthony Fontana
Does Renting through a property manager mitigate risk?
Does anybody know if having a PM company manage your property mitigate risk for the owner (individual on the title)?I am currently a live in landlord, but want to move out and rent full time to tenants. I am strugglin...
Sakib J.
Rising property tax in Houston, Texas
Hello BP I am struggling with rising property taxes in Houston, TX. With constant increase in home insurance and ppty tax... tough to be cashflow positive. How are you guys dealing with it?I hear there are companies w...
Najeh Davenport
Multi Family vs single Family (doors vs Cashflow )
Lately, I've been torn between investing in multifamily or single-family properties. I see value in both, but I'm unsure which is the better option. Currently, I own one single-family home and one fourplex. The single...
John Martin
Offer: reduce selling price & agent commission = same result?
I am selling my house. I have a buyer interested and we are negotiating. I sent a counter offer asking for $5K more on the list price. I received a counter offer from the buyer who ask me to reduce the selling price a...