I am curious about the 2% rule. I am seeing it used when people talk about a property under 80k or so which is not realistic in California. Also, If one were to purchase a 4 unit in California at about $400k (which is...

So I am a first time renter and in October I asked the manager when my lease was up the date was the end of November so I was like awesome last part of school. Well i get a paper a week later explaining I need to pay ...

I've recently started moving into a new market and the contractors are known for not finishing the jobs or taking an advance and running off. To compensate I was thinking charging $100 for each day over (excluding ext...

We just experienced a strange scenario where we had an accepted backup offer, were strung along for months only to hear that the property was purchased by the Listing Realtor for $2k over our accepted backup offer.  T...

Hey BP

So I'm closing tomorrow I'm on the buyers side and I need to know what my buyer needs to bring to closing.
The sellers have agreed to contribute 3% to closing( should cover all closing fees)but the closing coo...

I'm looking at a duplex and I'm wondering if anyone has ever had a situation where a property could work as a buy and hold at one price or a BRRRR at another price and how they decided which would be better? 

Hi everyone,

I recently got out of the stock market and would like to move the cash into real estate. Can I use a 1031 exchange to defer the 15% tax on my capital gain when I move it into the property I'm investing?

The new tax law made it so that the gain on the sale of personal property can no longer be deferred through a 1031 exchange (1031s can now only be used for real property).Likewise, the new tax law made cost segregatio...

Hello, I'm looking to recruit investors in a house flip, similar to a crowdfunding scenario.  So my question is whether there is any tax liability to those investors.Assume one particular investor gives me (or my LLC)...

Hello BP,
I have a home that the buyer, whom I am holding a note for as well as him having a mortgage with Citibank. He’s late consistently sends his check about a month sometimes even two months late. But he is full...