Navid T.
Income Tax for Real Estate Developer
Hello Guys,Let's assume I managed to purchase a land for $ 100 k and I build a 10 unit apartment complex ( construction cost = $ 900 k), and let's say it takes me 2 years to complete the project (The ROI is 100%). The...
David Rawls
Disabled Veteran, first time buying property. Looking for multifamily.
Hello everyone!I want to get into the Buy and Hold style of REI. Unfortunately, I dont know a whole lot about the financing programs available to me and how, if at all, I could use them to purchase a multifamily unit....
Lauren Heart
Holdtime before 1031 exchange?
Hello fellow BP'rs!I have been trying to find concrete info on laws...but it seems to be a grey area? I acquired a new unit and I'm now looking at a 1031 exchange of a portfolio (5 units, commercial financing) into s...
Ryan White
Midterm Rental Demand
I wanted to get everyone's opinion and experience with midterm rental demand. I have spoke with several realtors in different markets. Some of the agents I have spoke with tell me MDT demand has slowed down and hospit...
Carlos Lez
Conflict among tenants in rooming house
So, I have a 4 bedroom house and have a student tenant in each of the rooms. This evening I received the following email where the tenant is alleging me for racial discrimination and threatening to lodge a complaint a...
Kelly Iannone
Wood Frame House in Florida - Yay or Nay
Looking through some duplex opportunities in Tampa, Fl and found one that meets the 1% rule and has room for forced appreciation...big downside at this point is that it’s Wood Fame instead of Concrete Block. With hurr...
David Weiss
How Much Do Your Short Sales Save?
Have you closed one or more short sales in the last couple years?
If so, how many have you closed and what's the typical write-down you are able to get banks to accept nowadays? 15%? 50%?
I'm hearing ...
Wesley Jensen
First Property Tenant Potential Issue
Hey Everyone,I am buying my first rental property soon (closing 1/30) and have a strange predicament. The property is an upstairs downstairs duplex with a tenant in the top unit. The top unit was rehabbed prior to the...
Bradley N.
Why is the broker required to sign the "Contract Release - Earnest Money Disposition Request Form"
I am under contract to buy a HUD home as an O/O. I had an inspector meet me at the property and he believes I have a termite issue. I am having a termite inspector out next week to confirm and give a repair estimate. ...
Erik Pilon
Negative ROI, is this the reality of non-resident investors?
While I'm waiting for my pre-approval, I'm starting to look up fourplexes and simulating numbers on Excel, seeing which are a good deal and which are not from the MLS.Problem is that as a Canadian citizen but non-resi...