Patrick Irish
1031 and Sec 121 Experts - want to sell rental but tax worried.
I have a townhouse in the Bay Area norcal. Bought 12 years ago. Been renting it out 3 years as of March 2024.Recent townhouse sold for $980k in my development in 6 days, $150k over asking (2/2, 2 car garage 980sqft). ...
Katrina P.
How to deal with back taxes on a seller-financed note?
There's a property I'm interested in where the seller is VERY motivated to sell because she is in jeopardy of a tax foreclosure this coming March. Anyways, she's willing to finance a note for me, with great terms; ho...
Kobe McDaniel
Multi Million Dollar Mansion on the river, in a Wedding venue town
Hello BP Community,
I’ve got a multi million dollar house on the river listed in my investing area. We are a huge farming and now wedding venue town. What would you do with something like this? If bought at list pric...
Don Konipol
The Great “DIVIDE” in Real Estate Investing
No, the “great divide” isn’t between residential and commercial, nor between owner occupied and rental. The great divide” is between purchasing real property for CASH FLOW, or purchasing real property for CAPITAL APP...
Brandon Snyder
Understanding Title Insurance
Hey all, thanks for looking into my forum question. I appreciate it.I'm taking a real estate class at UCLA. It's a good class with a good teacher, but the textbook doesn't provide much context. That's where I'm hop...
Chad Clanton
Flipping a home after living there for one year...legal/tax questions
Hello again everyone, and thanks in advance for putting up with all the newb questions! My wife and I moved into a 2007-built home in a newish (post-2000) subdivision about this time last year with the intent of stayi...
Peter Kehr
Ethical question working with two buying agents
Hello again Bigger Pockets!I have an ethical question. Let's say I found a house on zillow or realtor and I reach out to the agent via a form field on the website. I start working with her, but after a bit I'm not lik...
Jon Kelly
Choosing an Agent
Hello BP, Can you help me decide how to choose an agent? I plan on making another forum post asking for agent's to essentially reach out me based upon my market and strategy. Do I have to interview and choose 1 agent ...
Deanna Montgomery
The Perfect Lead Gen / Skip Trace System
Hello All,I have been working in real estate for about 10 years now. I have become the go to skip tracer for many investors in my area; I pretty much know everything going on with any property in distress. I'm looking...
John Kraakevik
Converting rentals back to primary residences
Twenty years ago, I converted my primary residence into a rental property. From what I have read, by moving back to the rental, I can only exclude the proportion of time I lived there-ten years of the last 30 years ,...