Hello BP, I have a question regarding a 1031 scenario that the answer isn't perfectly clear to me and the ramifications of not spending all the money from a 1031 exchange. I am going to round numbers to make it simpl...
My last tenant trashed the house and left me with $3000 in damages (after deducting $1000 deposit, I am on hook for $2000). I am running out of ideas to recover this $2000 from hera) Retaining a lawyer starts from $35...
Hi BP!First post here. I'm a long time lurker. This community is really cool. My background... I grew up in Gainesville, FL. I worked my way through college and realized with my income I could buy a house. I boug...
I can't say enough times how much I LOVE Bigger Pockets and the fact that I have a place I can come to and ask these questions without having to weed through articles on google from potentially unreliable sources. I n...
I am very concerned as the duplex I am closing on May 2nd has a tenant with a 1 year lease just signed a month ago but the seller won't provide the actual lease, and in the purchase agreement, the condition was to pro...
Ok, so here is the deal. I recently purchased a nice middle class home from an out of state owner who was renting it out to a tenant whose lease runs out at the end of July.
I bought the house sub...
I just finished episode 61 with Ben Leybovich about how to succeed in multifamily properties (I highly recommend this podcast as well as episode 60 as the two best I've listened to so far). I was interested in what h...
We just completed a 1031 exchange last month, sold a rental property that was titled in my personal name, ended up buying two rental properties for cash as replacement properties in my personal name through the 1031. ...
Preface: I'm no economist but find discussing macro currents very interesting as they relate directly or indirectly to multifamily investing (investing in general). With a tight labor market, low interest rates ,QE an...
Just a note: I received a much-reduced Allegheny County tax bill for our latest acquisition, which included the former owner's homestead exemption and a senior tax relief discount. I was more or less expecting this, a...