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Results (10000)
Carol Kotchek 1031 exchange what happens to the depreciation?
3 July 2018 | 8 replies

Hello All,I'm executing a 1031 exchange in September. I am realizing  $300,000 from the sale ($100,000 profit). I'm planning on purchasing new property for around $270,000. That will leave me with $30,000 in "boot" wh...

John Maloney Inevitable short sale or foreclosure.
17 November 2013 | 5 replies

Hey BP, I am wondering if the is anyone who can give me some advice on my inevitable foreclosure or short sale of my current residence and bankruptcy. I'm trying to weigh my options and trying to figure next step.
...

Gil Pang How are Co-Ops Treated?
17 February 2019 | 9 replies

Hi BP Community,My wife and i currently own a co op (which we use to live in) but currently vacant.  We are in the process of subletting out the co op for rental income.  There may come a time where i need to sell the...

Bryan H. Eat the $100k tax on $400k sale?
10 January 2024 | 21 replies

I have a 1br condo in prime Dupont Circle neighborhood of Washington DC, - owned it for 27 years - could list it for $425k.  Fully depreciated so $100k tax bill due at sale.   It was long overdue for full renovation, ...

Alex G. No property sale record on MLS?
2 October 2019 | 9 replies

I am doing the due diligence on a duplex in Central Maine (https://www.realtor.com/realestateandhomes-detail/46-E-School-St_Oakland_ME_04963_M42271-18089?view=qv) trying to determine how much the seller paid for the p...

Jovonte West I’m finally figured out the niche I need help getting started
28 September 2022 | 7 replies

So last week I tried to get pre approved, because my goal is to house hack but I fell short because my credit and I don’t make enough, so I’m trying to figure out the next step to get my feet wet I have 5k available t...

Sean Mcintire Cleveland Judgment to foreclose
25 January 2020 | 5 replies

I have a note in Cleveland that has a judgment on it and 2-3 weeks ago I paid $2k to have our attorney process said judgment to foreclose.   He has yet to get back to me with an answer as to how long that process will...

Steven Chen What are the steps I need to take to be a RE professional?
7 May 2020 | 6 replies

I am completely new to real estate and have never owned a home.How long does it usually take to close a house? Do I buy a house and start making repairs on it for 750 hours right away to qualify?I want to do so to ded...

Matt Berklacy question contracting 1st seller finance, on straight forward deal
20 January 2019 | 2 replies

I hv no real life experience with this exact transaction as buyer,, so appreciate your insight for action..- I'm sitting at kitchen table with seller.- I have a 2 page investor friendly contract, and prepared to use e...

Reggie Youngblood What should I do???
18 January 2014 | 14 replies

Had a seller call in that sold the property but it is still in his name and behind on taxes. He can't get in touch with the person that bought it and doesn't want to take that hit on his credit. Should I just go ah...