Susannah Bonn
Confused about capital gains exemption
Do you pay capital gains taxes when you sell in a house that you lived in for two years and then rented out for three? It fits the 2/5 year rule but not sure whether it fits the "primary residence" part. Does the ru...
Matthew Virgin
Evansville, IN New Investor
Hi! My name is Matt Virgin and I am new to real estate investing. I live in Evansville, IN and I am focusing my investment efforts in my city. My business partner and I are beginning with wholesaling to build capital,...
Anthony Barbato
Looking for advice for ceiling repair
I acquired a new duplex back in March and just had the second tenant move in last week. When I purchased the property, there was a small amount of pervious water damage to the ceiling in the kitchen, directly under th...
Bill Graham
Accepting money after Eviction Notice, NH
I collect weekly for my low income tenants. Most of them seem to appreciate it. I have one who has been with me a long time now. Always a little late, always gets caught up. That is until the roommate moved out. This ...
Malcolm Shepherd
New Investor in Tucson looking to find my first fix and flip
I'm new to BP and have been active in the real estate business for three years now as an active Real Estate Agent. I became an agent so I could learn the real estate business but my primary goal is to become a full ti...
Jack Yen
guidance on how to write an LOI for office
Hi BP world,I came across the office that I like and would like to place an LOI to move forward and inspect the property. I'm wondering if anybody can give me some guidance on how to do that? Is there's a template I c...
Gillian C.
Chicago: Rules on tenants who are MTM after expired lease
Hi Chicago folks. Could you shed light on the following scenario:
- Tenant on a year-long lease that ended August.
- Tenant continued to pay rent September and November.
- No new lease was signed.Two questions (on...
Faith Gracia
Investing In Massachusetts newbie
Hi guys! I’m looking to get into real estate investing. It’s been a goal of mine for years, but I’m a college student and finding the time and money has been challenging! I’m graduating in a few weeks and have saved a...
Chance Stein
Due on sale LLC Transfer Potential Workaround
Hey BP! I have been working on potential strategies and tactics for buying owner occupied and moving to an LLC later down the road. In my research and brainstorming I have run into the issue of the "Due on Sale Clause...
Mark Forest
Fixing up method
I am lucky enough to have the house next door to my residence become available at a good price. I have been fixing it up since June. One thing I have noticed is that I am constantly going back to my garage for a too...