I just recalled that when in NYC i needed(?) to use an attorney to close on my long-term multifam flip (usually at 2 yrs owned/lived in) and usually the first words out of lawyers mouth was 'why don't u do a 1031 even...
A long term buddy of mine just informed me he had purchased a 5plex apartment in California about 7years ago in which he would like to sell now. The property gained about 350k in value(Equity). Meaning if he sells he ...
So I'm about to write an offer for a prospective deal, and I'm pretty sure I've buffered enough renovation costs for the amount I'm offering. However, I'm concerned about the costs I may incur during the due diligienc...
Hello,
I'm assisting my clients (friends) purchase their first home. I would like to give them a portion of my commission to help them out. I know I will need to contact my attorney and accountant but was wo...
Good day Everyone,I am a professional in tech, my wife is a realtorI bought the house last year and incurred a net loss. When I filed taxes using turbo tax, I filed Schedule E but there was no form 8582 which is to d...
Hi!
I recently placed a $550k offer on a home priced at $599k on Zillow. The seller eventually agreed to $565k. The house was built in 1950. I am currently under contract until Tuesday. Can I still negotiate after f...
Hi all,Long-time listener, new to forums. In short, I'm not sure whether I have a bad property manager.Background:I acquired two duplexes (4 doors) north of Conway AR, 3/5/18 from a bankruptcy court. As these were my...
Location: Oklahoma
House: sfr 990sqft 2/1
ARV: 35-45k
Purchase price: 4k owner carry, will pay him after we flip
The situation: I have this house under contract with a 15 day option to back out.
This house had a m...
Hey guys I know the company, Rent to Retirement, has been featured a lot on Bigger Pockets and has gained some traction in the overall real estate space. I was wondering if anyone has any experience working with these...
Hello Bigger Pockets members. I've just recently found about the site and I love what I have seen so far. I'm hoping I can add value to as many fellow members as I can as well as soak up as much as I can.I think I hav...