Brad McGuirk
Signed Deed at Closing, $20,000 lien found, then no closing?
I was purchasing a duplex for $12,100 and everything was running smooth until the day of closing.
Closing occurs, everyone gets their check and leaves.
I get a phone call from the closing company 10 minutes later sa...
DuWayne Jones
First deal - duplex in probate / foreclosure
I'm working on an offer for a duplex in south Minneapolis that is going through probate - potentially my first deal. The property is in the foreclosure process with a reverse mortgage. The estate executor has not bee...
Sasang Doc
Renting a business property to my LLC
Hello Fellow BPers,
My LLC owns a business property where I’ve run another LLC business for the last 17 years. I’d like to start renting to myself (my LLC commercial prop renting to my LLC business running out of it ...
Sandra Regnell
Pest Control - Who is responsible?
Who pays for pest control? My tenant has a wasp nest which is obviously an issue. He asked for a gardener to remove it which I think is a bad idea.TIA.
Tracy Maddox
Bird Dog Fee for Bringing Financers
Hello all,I'm a realtor working in Los Angeles with a goal of moving into investing. I connected with an investor recently who has a small business flipping houses in the area. I was able to bring him an investor wh...
Trevor Fleck
Help!!! Need a Good Property Management Company in Cleveland, OH
Would anyone be able to recommend a good property management company that operates in Cleveland, OH (Cleveland Heights to be specific)? I am an out of state investor and I have a SFH and a Triplex. In February I switc...
Derek G.
Tax implications Selling then buying
Hi All!I know this question has probably been asked a million times. However, my searches are proving futile. I apologize in advance. I have currently ony purchased houses, but am now looking at selling some of them.1...
Kevin Cook
A-B-C in 15 days
While I've done a couple of back-to-back closings on a couple of deals, I've never done one where there was some work to be done for the end buyer to close with a conventional loan.
A-B contract to close Frid...
Ricky B.
Asking for help regarding 1031/121 Exchange
Here is my scenario:- I sell my duplex which I owned for 7 years - I lived in the 2/3 portion and use the remaining 1/3 for rental all 7 years- Selling price 1 mil.- Am I correct that I can 1031 the 1/3 rental portion...
Jim Stevenson
Alternatives to 529?
Curious to hear other's thoughts on saving for college through a 529. I've started contributing ever since my son was born 5 months ago but I hate the fact that it can only be used for education. I feel like there's t...