Nicholas J.
Off market cap rate question
I’ve come across a off market 12 unit apartment, for sale by owner. Sale price 660K. Current rent is 575/unit= 6,900/ month. Local market supports 625/month. Expenses are approximately 1,700/month. My question wh...
Bryan Cohen
Can someone educate me on quick deed claims?
My brother and I are purchasing a 4 single family homes package deal and one of the properties we can only get a quick deed claim. Are we making a mistake of going forward with this package deal. Are there any negativ...
Christopher James
Can I charge a tenant for a civil standby fee?
I have a situation at a rental where the tenant locked me out. He changed the garage entry code and keeps the storm door locked (no key) which doesn't allow me to use my key at the front door. Those are the only two...
Gary Parker
Books For 15 year Old
My son is very interested in marketing and also has a growing interest in RE. He loves to go through houses before muck out if there is a ton of stuff and search for treasures. He asked me about good marketing b...
Tracey Lane
Transitioning a 1031 to Primary Residence
Looking for some input from the BP community.We're thinking of selling a triplex in Venice, CA soon. The property is owned 50/50 between my husband and me and my parents. For various reasons we have decided to sell an...
Account Closed
Can i sell my home after 1 year?
If i buy a primary residence 🏠 for 120kBut its worth 200k It means its 80k in equity.And my mortgage is 1,200And I do a lease option and se/he gives me 3,000 downpayment and she/he pays me 1,500 per month its ( 1 ye...
Adam Johnson
Self-Directed Loan Legalities
A friend of mine and I plan on rolling over old 401k's into self-directed IRA's. We then plan to loan each other money, and use that money to flip houses.So, I loan 80k to him, he loans 80k to me....we have 160k to bu...
Mitch Price
To Go Section 8 or Not
Hello, Im debating on going Section 8 or not. I have a duplex that I am the owner occupant of currently. One side is rented out just fine, but Im thinking about putting the other side on Section 8. Ive been investing ...
Jason Waldo
Why W-2 Employees have the greatest chance at wealth building
For the last 10 years I have owned and operated a small distribution company. It wasn't huge and only did about $375k/year in revenue on average for the 10 year period. I guess thats not to bad for only being a single...
Kyler J Sloan
Passive Losses for STR's
Is there any way that STR rental income can be considered "active" from a tax standpoint? I spent a lot of my time working on renovations myself, and manage it myself, but I have not manually tracked the time investe...