Kevin Allen
House flip tax question
So I I have a couple rentals. I’m rehabbing a house that I’m not sure if aim going to flip or make a rental. If I flip it is the taxes due on my profit this year even if I roll it over as a down payment on another r...
Ernie Sturzinger
What is best sequence for Purchasing Apartments?
Looking at 11-unit apartment building and want to get info about rent roll, leases, vacancies, etc. Seller agent is vauge and not giving us this info when we asked directly for it. We have not made an offer yet as we ...
Vinny Incognoli
Trying to purchase a second property.
I currently own a rental property for about 10 years now. It is a condo though has appreciated over time and I was able remortgage a few years ago and utilize the money to purchase my primary home. So in essence I ...
Michael Wentzel
Does you REI strategy mimic your Monopoly game strategy?
I was playing a version of Monopoly with my 7 year-old son and 5 year-old daughter last week. My daughter managed to put together the highly sought after Boardwalk - Park Place monopoly and ultimately rode it to a con...
Daniel Fisher
What contingencies or "subject to" do you use?
Hey all,I am curious to get some feedback regarding contingencies used when BP members are making offers for property.What contingencies do you use and why? Does it change based on your strategy (Buy and Hold or pure...
Ashley Noethe
1031 Exchange Questions
So, I understand the overarching idea of what a 1031 exchange is, but have some questions ..
1) Do you have to roll over all equity you have in the property to the next deal? Or, just profit? For example - if you pur...
Ronnie Howard
Houston Area Multifamily & HAR Question
Newbie question here. I’m in the Houston area and have a goal of buying my first property in the first half of 2018. I have been browsing through HAR and evaluating properties for the practice and see if I can get a g...
Sara Reeder
When to request Financial Docs for a multifamily deal
Good evening,I am analyzing a potential first deal. It's 6plex and seems to have great potential but the listing is missing a lot of key information that I need to run accurate numbers so I'd like to request the T12 a...
Myles McDevitt
New investor looking to learn while building capital
Hey everyone, my name is Myles. I am currently working to save up some money and pay down some debts before I jump into real estate. I joined BP so that I could learn more about my market (Atlanta), while also trying ...
Dan Healey
Greenville, SC REI agents?
Hello BP!I currently own a rental in downtown Greenville, SC. I'm considering selling in favor of rolling proceeds into a new unit(s). I live out of state and trying to get a feel for what I can expect in terms of ...