Albert Lubin
What's a true OPEX ratio for a 10 to 15 units property?
Hi, I am a new investor and I'm contemplating buying a commercial property to hold. I've been using the general "50% of EGI" rule to analyze properties but I am curious what a "true" range is. I do have some questions...
Richard Z.
LLC partnership buyback tax question
I have a question regarding LLC partnership buyout tax implication. I'm making a simple LLC scenario for easy discussion.The LLC has three partners A B C. LLC did real estate development project: it bought a land and...
James Wise
FHA Disparate-Impact Liability Upheld
FHA Disparate-Impact Liability Upheld Read the full decision: Texas Dep't of Hous. & Cmty. Affairs v. Inclusive Communities Project, Inc., No. 13-1371, 2015 WL 2473449 (U.S. June 25, 2015)In a much anticipate...
Jake Rhodes
Converting a 4 unit to a 6 unit - Pros vs Cons
Hey All!We recently acquired a small multi currently recognized as a "Legal 4 unit" by the city. This unit is separately metered and has 6 units with 6 entrances and 6 paying tenants. We are wanting to get it recogn...
Raymond Hill
Carrying Costs and Estimating Repairs
Hello Everyone,I was wondering what my fellow investors use to estimate costs. For instance carrying costs. In addition, how do you get better at estimating repairs when you first walk into a property?
Alex P.
Strategy Options for 1031 Exchange to Husband/Wife LLC
First time posting to the BP forum. Have to send a big THANK YOU to all of the folks sharing their experiences and information in this community. Very much appreciated.I am in the middle of a 1031 exchange, having jus...
Ashish Acharya
Qualified Opportunity Zones & Qualified funds to defer your gain
I was doing a research for a customer and realized Bp community can also benefit from this. I personally believe, Qualified Opportunity zones almost as effective as 1031 exchange. Trying to keep this simple and just ...
Phil Janasac
Coach house not recognized on zoning certificate
My fiancee and I are in the process of purchasing a 2-flat with a coach house in the back of the lot on the north side of Chicago. Our lender requested a zoning certificate for the appraisal and discovered there are o...
Elizabeth Zelaya
LLC? Please help!
Hi! I'm just starting out and recognize the importance of an LLC. Should I pay a tax professional to help me setup my first LLC, should I just do it myself (the form seems easy enough), or should I pay for online serv...
Mary B.
Adverse Possession
Hello BP,I was reading over some info and came across this link regarding adverse possession. http://www.nolo.com/legal-encyclopedia/state-state...Most states have a decade or more timeframe. However there are a few s...