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I am self managing a SFH in St. Paul, Minnesota. The tenants are boyfriend/girlfriend and under a 12 month lease that started July 1st and so far have been all star tenants. They pay on time, they notify when things...
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I am looking to scale on my sandwich lease options (purchase) deals this year. I also want to really make sure to do everything by the books. I do not have a real estate license..yet. What is the legal way, pref. in P...
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Hi;
I remember reading somewhere that you could write the purchase price on a "subject to" deal as "principle balance on close date" if you plan on taking over the seller's house and all equity.
I'm not interested ...
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Hello BP!! I've been a member on BiggerPockets for a few months now mostly absorbing information as I'm sure everyone does when first signing up here. I'm 26 years old Chicagoan, and have been fond of real estate...
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If I sell a house that was a rental for 2 years, can I use the profits to purchase a personal residence (without a capital gains tax)?
Rental House: sell for $200k (gain = $50k)
Sell through a 1031 exchange?
Purchase...
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Hi all,I've been reading about the Passive Activity rules that prevent passive losses (eg Depreciation) from being offset against ordinary income. Unless of course, the taxpayer shows material involvement and claims t...
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Hi BP I live in Georgia and I am in the middle of deal I put under contract subject to with the seller who is in then process of a loan modification and I am selling it with a lease option with the buyer that I have u...
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I have a house now that is very behind on payments. I want to give the owner some money and fix it up than sell the house. I think the best way to go about doing this is to give her like $5k and get a contract with an...
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I am looking to buy my first property. I am interested in a property that my realtor owns and is going to put it on the market soon. I want to buy it, but do I need to get another realtor involved? She is my buyers ag...
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What’s the best way to draft a purchase agreement without realtors? I’m attempting to buy a house from an elderly family friend who would like to sell the house to me. We aren’t involving agents, and I need to draft a...