Anand George
Sell NYC rental property outright vs 1031
Hi everyone,This is my first post on BiggerPockets :) I am excited to join this community!I am looking for some advice on tax implications wrt selling my rental property in NYC. I own a rental in the Financial Distric...
Richard McLain
My Income Snowball is Growing
I didn't really plan this scenario, and some of you will fault me for a laissezfaire approach, but I started investing in SFRs in the year 2002 as a SIDE BUSINESS. Lukily, I had other income so I've never neede to ta...
Erik D.
Seller All of a Sudden Cannot Afford Pending Assessments
I have been working on buying a condemned duplex for quite some time now.I've gotten bids from general contractors, a structural engineer's report, etcEverything is set for closing, the lender is ready, I am ready, al...
Will Mejia
Fixing current rental or selling?
I own a 2 flat brick building in Chicago. Over the years some brick cracks and other outside work has accumulated. Some concrete areas around the building need to be fixed. I would guesstimate 20-40k in repairs. I h...
Haiyang A.
Backyard drainage issue (inappropriately refilled pool)
I’m looking at a bank REO that needs some repair (only 20 years old), but it’s the drainage issue in the backyard that worries me. The yard is on a slope, and it looks like that rain water would run towards the house ...
Rachel N.
HELOCs... am I doing this right?
I took out a $50,000 HELOC on my primary residence and am using some of it to purchase a rental, the rest will be cash. My plan was to pay off the HELOC as soon as I can to free it up for other deals.
I also have a ...
Craig Clark
Intent to Lien for Previous Owner's Utilities
Hi BP,
We just got a letter for one of our rental properties (it's quickly becoming a problem property for me,) and it is a "30 day notice of an intent to file a Municipal Lien" for an $8000.00 past due utility bill...
Thomas Parr
Issues with a private lender
MY situation is this: I own a single family rental that I want to refi or perhaps sell. The lender is a local private individual who has helped finance several deals for me over the years. There is a substantial discr...
Scott V.
New in FL Panhandle
I'm actually "new" since I've lived here less than a year now, not counting a previous Navy tour long ago :) I've only owned one previous rehab to rental which went well. It was a room at a time, but in the end ever...
Eric Gutierrez
Main Drain Cleaning
Anyone have any thoughts on having the main drains professionally cleaned at rental properties to help minimize the risk of a backup? 2 of my properties are early 1900s vintage and the 3rd is mid 50s. I have no i...