Miles Robinson
Should I get an LLC for my first investment property?
Hello all,I am currently in the search for a multi family investment property in Atlanta, GA and have just gotten pre-approved by my own bank (Bank of America) and a few other big lenders. However, I have been conside...
Mike Thoms
Brian ? about ROFR
So Brian, You're saying here in NC you shouldn't use a lease option and instead use a lease with a ROFR. (I'm speaking here in the context of lease option assignments). If I have a lease with a rofr signed with a sel...
Ajene Harris
New to Real Estate.
I'm new to the Real estate world and I'm looking for mentors to lead me. Been studying for over 3 years now and as I gain more and more knowledge I get an urge to be more hands on. I really want to be a house flipper ...
Julia Oh
Build costs with a 1031
I am thinking of selling a property that has no mortgage for $200k. Approx $150k of this would be LTCG and recaptured depreciation. I am also looking to buy a property that is a tear down. Purchase price is $75k. My u...
Matt Smith
1031 exact timing
I am selling my home (property A) this coming Wednesday (closing) and then doing a 1031. In the doc I signed, I believe I check the case of something like "deferred like property". There is a high chance the new prope...
Russell Odom
Should I buy and hold?
Hi BP Community, have a situation and would value some input. First time contributor.I purchased a new build condo/townhome in Austin, TX 78748 that is just now being completed. A lot of life happened over the last ...
Account Closed
Rate Lock Extension Question
Hey BP, long time lurker and first time poster. I've always been able to find the answer I need without reaching out, until now!I'm under contract on a triplex "house hack" using the VA Rehab Loan . I am not going to ...
Roz Enfield
Renters asking to break lease early in SF
Hi Community,
I have some great renters ( a couple and their friend) in San Francisco with a lease through Oct 31. They just emailed that their situation has changed (the couple is pregnant and want to move in with ...
Jeff Glinski
negotiations with developers - anyone with experiences to share?
Have any of you owned an older commercial property and been approached by a developer looking to purchase it for re-development? If so, can you describe the experience and any insights you gained from the process or ...
Brian M.
Deed Restrictions and Transfer Date
I have a 2 part question on deed restrictions. Here is the language in the BOA/HAFA short sale addendum (paraphrased):
No transfers for 30 calendar days. No selling for a gross sales price greater than 120%...