Hello all - I am working with a QI who seems quite in-experienced! I want to ensure my 1031 goes through. I am on day 40 as I type. I've identified 4 properties, of which I want to purchase 3. (2 under contract, offer...

Hey BP fam, My PM notified us our tenant in our SFH rental in Salem, OR is purchasing their own home and will be moving out the end of May or June. Selling this unit has been a discussion for a couple years now and th...

Hi,Given recent environment of wild fires, hurricanes, etc. What is best strategy to identify gaps in insurance coverage for landlord ? Some where I heard that named storms may not be covered, etc.Insurance agents onl...

Hopefully someone can shed some light from experience.I'm in Rhode Island and going to do a 1031 exchange and my accountant needs to obtain a letter of good standing from my state. The accountant claims that I need to...

What's up BP? I want to share a story about how our team was able to secure 3 off market properties we are closing on today. The key to this deal is that we were able to identify the seller’s goals and build a relati...

Hello BP I would appreciate some advice. I close on my first 6 unit tomorrow. I've went back and forth with deciding should i hire a property manager or self perform. I chose the latter for a few reasons.  The proper...

Hello,If I were to travel somewhere to look at investment properties (would be my first), how would I go about deducting this travel from my taxes since I don’t actually own a property yet?

Can someone please explain how a 1031 Exchange works?

Next year my parents plan to sell two of their rental condos and exchange for a single family home that they will rent out to me. I have a question on the 45-day replacement properties. Are my parents obligated to onl...

I am in the process of a 1031 Exchange. I have a question regarding the 3-property rule.  Let's say I identify 5 properties and 1 falls through but I still close on the other 4.  Is 100% of the exchange disregarded or...