Hello BP family!My friends and are thinking of investing in a STR in Palm Springs, bought under an LLC. Our biggest question is how to structure the exit strategy in the operating agreement, and the best way to distri...

There's a foreclosure sale happening in my area in two weeks.  A few of these properties look distressed from the outside and based on what is owed and the likely BPO, I feel they're excellent candidates for a short s...

When you sell a house, buy a new one, flip, and sell, when do you pay capital gains tax on real estate? When you buy the new house, or when you sell the new house? (After selling the first house, that is).

I plan to sell 2 rental properties in 2024.  I heard that I can avoid paying capital gains on them if my husband and I make less than $94,000 combined.  We are retiring in a few years and will likely make less than th...

3. Appellate Court Rules That Under Certain Circumstances a Buyer of a Foreclosed Condominium Unit May Be Responsible for All Unpaid Assessments Owed by the Previous OwnerPursuant to the ICPA, a purchaser of a foreclo...

I am interested in purchasing a house at a tax defaulted property auction and had a few questions.  1)  In California the previous owner has up to a year to protest the auction.  It seems like from my research that th...

If the bank stopped paying property taxes, how likely are they to skip the foreclosure auction?  The property has been vacant for two years.  The electric has been off so the sump pump would not be functioning.  The b...

If some one were to pay the back taxes on a house that is listed as a short sale what could possibly occur?

I found a house that is listed as a short sale. Did some due dilligence and the home owner owes 2009 taxes.
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Hi all,My wife and I bought a 2/1 condo in 2005 for $435K in San Mateo, CA. Due to our children's schooling situation we had to move into a San Francisco rental and rent out the condo which we have done since 2010. We...

As a realtor I just want you guys to know that you are being a little too generous to have the realtor make their commission on the A-B transaction AND B-C transaction. Just know that most, not all, but most realtors...