Ashley Wolfe
First rental deal about to close, now what???
Hey BP friends,In the next week, we are closing on our first little rental house. Its a 2/1, 1024 sq ft. Clearly it was a flip because we had to negotiate some really big repairs to make the deal work. Anyhoo, all ...
Aline Elad
Paying off HELOC to avoir Taxes
Hello All,We recently bought a new primary residence using a HELOC and we now plan on selling our former one. We’ve never rented it so it cannot be claimed as a rental in the sale. The house is worth $850K with a mort...
Levi Chuculate
Opportunity Fund Withdrawals as Partner
I’ve recently entered into an opportunity fund partnership. To be clear, I did not passively invest in a fund. I started the fund. I’m a general partner of the fund. It seems all the rules regarding what to buy and ho...
Kris Kahrs
Best way to avoid paying Capital Gains Tax on primary residence?
Hi All--my husband & I are in the process of selling our primary residence in Los Angeles. We have a lot of equity, we've been in it for 20 years in a trendy neighborhood. We bought the home for $230K. We may h...
Carlos Castellanos
Cost per sq ft (SoCal)
For those of you So Cal Flippers/Rehabbers doing fix/flip in LA County, Riverside County, San Bernardino County, I had a friend give me the following numbers and wanted to hear feedback from others who are "in it" reg...
Jerrmarco Rhodes
New Guy Needs help with multifamily analysis
I found this deal which is actually for 2 properties with a combined total of 125 units. This is priced at $2,800,000 . The listing says it has a cap rate of 12.84%. I divided the NOI by the derived cap rate(from the ...
Payman A.
Do LLCs each have new/separate insurance history/records?
Hi all,Looking at another possible claim at one of the rental SFRs and though it is basically a continuation of the previous issue, it would be the 2nd claim in about 7-8 months. Needless to say, I'm concerned about ...
Brittani Gardner
Capital gains tax on an owner-occupied 4-family?
Hi! I'm looking for answers regarding the sale of my 4-family that I have lived in since I purchased in 2015. I have an offer to buy that will leave me a profit of roughly 100k. I plan to purchase a single family home...
Steve Sandrews
Assets for FAFSA (Student Aid/Parent Asset)
Hi, i'm new to forum and searched this topic to no avail
I am completing my first kids FAFSA for college student Aid. They allow asset exclusion for farms and small businesses. They say if you have rental property...
Mike Franco
how much extra are tenants willing to pay to have pets?
What are your observations?if i have a $2500 rental, $250 per month extra rent? 10% ? Anyone ever collect more than that? Are tenants really willing to pay?