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Hi BP community, hoping everyone is doing well during this pandemic.My tenant moved in on April 1st. She couldn’t afford the whole security deposit at one time, so we had an agreement in the lease that she’ll pay $200...
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Hello,I am looking to sell a partial of a note on a property in Colorado.The property sold in Sept 2023 for $130,000. The buyer put $30,000 down.The $100,000 note is being serviced by a servicing company in Texas.7.2...
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I own two properties, both covered under the same mortgage, but both have unique tax ID numbers.
I want to sell one of them but since they are under the same mortgage I have to get the lender to agree to a partial r...
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I've never sold investment real estate before so I'm unfamiliar. I have a $2M building I bought for $935k, 3.5% down. It has ~$580k left on the 3.25% mortgage. Someone wants to buy my unused development rights for ...
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I received the below cost estimate of three options (all carpet, carpet for a master bed room and carpet for a master bedroom and wood laminate for the rest) from my property manager.
My questions are:
1.) is this c...
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If I serve a 3 day notice to quit or cure how do I prevent Cozy from accepting partial payments?
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I have a property I want to buy that that the owner is willing to carry back part of the purchase. The property is storage units. The purchase price is roughly $600K and he is willing to carry back $200K. Currently...
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Hello everyone. I am doing a 1031 Exchange and want to verify the portion of the gain which is taxable.1. Relinquished property is being sold for $159,000.2. Adjusted Basis is about $60,000.3. Fix up expenses to sell...
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i am considering a 1031 exchange on a rental home. I have about 80K of depreciation and would have about 40k of LTCG tax if not for the 1031 Ex.I would like to take about 30-50% boot or cash out.I assume the LTCG is t...
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So this duplex I have is rented with section 8 tenants. I received a call the other day, as well as a letter, from the Sect. 8 dept. saying that my tenants voucher has been reduced from $1100 (full rent) to $800 d...