Hi BP Community. What are the implications for a 1031 Exchange if a long-term rental property is rehabbed prior to sale? For example, the homeowner improves the interior of the house (vacant with no tenants) in order...
Instead of refinancing to remove my PMI, could I simply get my home reappraised and use that to show PMI is no longer needed without losing my current interest rate on my mortgage? My current rate is too good to refin...
If a partnership does a 1031 exchange into 2 rental homes and then decides to distribute them to the partners can the partners qualify for a 121 each? This is assuming each partner lives in a house for 2 of the 5 yea...
i tried google, but know so little that I can’t tell what’s what. I’m setting up a basement ADU and the city is requiring a minimum 30 cfm mechanical ventilation system. Does anyone have any idea what this is, where I...
Hi everyone, I’ve been lurking in these forums for a while and I finally have a topic I couldn’t find a lot of information on. I’m soon to be a licensed agent in Minnesota and I know there exists the possibility to ob...
Ive reached out to a few real estate attorney, still awaiting a response. So I wanted to run it by some pro investors on BP.
I am purchasing a property through a JV. My LLC will be the active manager, my partner wi...
All,
I was just wondering what everyone does when they are not renewing a tenant's lease because they have been a problematic tenant. Do you provide them with a reason why you're not renewing in the letter or do you...
Hello. my question is, I currently own a single-family residence that I live in, I want to buy a duplex, live in one side, and then rent out the other side and my single-family home. Would I qualify for an FHA loan by...
If you are doing a 1031 Exchange, do you notify the seller that you are paying cash as part of a 1031 when you put in an offer? Does this put you at an advantage because sellers like cash and don't have to worry about...
How much should I charge my tenants for a washer and dryer?