Matthew Yrungaray
Buying a portfolio of houses from a retiring owner
I am looking at approaching a couple that owns a dozen or so investment properties. The wife wants to sell and the husband is unsure. I was trying to come up with a scenario that would be a win-win for both parti...
Ken Mull
Minimum time a replacement property needs to be held prior to using for another 1031?
I performed a 1031 exchange last November 2023. I have found another property of interest and I am considering selling the replacement property from this previous 1031 and using it to 1031 into this new property. Is t...
Scott Lepore
Odors
I cant get rid of the smell in one of my flips. It was full of dog feces and urine, mouse feces and urine, and fly feces . There are little brown spots of fly poop on everything from the walls to light fixtures to w...
Steven Peery
BED BUG ADVICE PLEASE
Property in Michigan with BED BUGS! Have duplex property that renters just moved out after 10 years and left disgusting with unit full of roaches and bed bugs. Had company spray and then removed everything from cab...
Camronn W.
Help with a Spec. Home!!!
A novice question here, figured I can ask the Bigger pockets community for some quick help. I'm beginning the process of building my first spec home. How does the tax side of the sale go when I resell? I know it being...
Hector Test
Can I report zero gain if I build a house, sell it and buy 2 lots
Hi all, I am buying a lot and building a house under an LLC. Let’s assume that the lot costs 50K, I spend 50K to build the house, and that I sell the house for 150K. Within the same year, let’s say I buy 2 more lots f...
Tyler Jahnke
Well, That FLIPPING sucks! Taxes and expenses?!
Hello BiggerPockets!A few things:1. I have no experience flipping a home, but see myself doing it within a couple years.2. I'm always looking to soak up as much knowledge as possible.SO...You found a property, you fix...
John B.
Tenant offering to pay for bedbug service
Hi everyone, great site. It's been very helpful to me.
Right now I am dealing with one of the easier problems I've had in my short career.
I rented out my first SFR in March. Less than a week after the tenants moved...
Kevin G.
Absolute Net Lease tied to a residential property - pros/cons?
Hello all,Thank you in advance for your feedback. I am seeking information on a potential deal I came across. The asset is a Residential home that is leased (absolute Net) to a medical treatment facility. I am famili...
Tim Silvers
Tax Implications of Seller Financing on rehabbed property
What are the tax implications for the seller of a seller financed property in which the seller purchased, remodeled and sold it on terms?Hypothetical transaction with easy numbers:1) Seller acquires property for $100K...