Flue Hasipi
Bidding on HUD Foreclosures
An investor shared about getting a great deal on a HUD foreclosure- we’re talking 50% less than already reduced price. It was a CASH deal and just around this time,before end of calendar year. He thought HUD was motiv...
Mike Miller
SYNDICATIONS FOR 1031 EXCHANGES/ CAPITAL GAINS
1. Can anyone recommend a solid syndication that accepts 1031 exchanges, preferably Multi Family?
2. If I have a property in a 1031 exchange and I am looking to sell it, I will be on the hook for capital gains and de...
Tracey Marzich
Why won't the banks "deal"?
Last week I submitted an offer on a foreclosure listing. The bank bought back the house for $34,000 at sheriff's auction and listed it for $48,000. It's been on the market for 60 days. I made a cash offer for $35,000 ...
Ross Hoffmann
Wholesaling Contract
Are there examples of wholesaling contracts on BP? Or better yet, are there wholesaling contracts that can be used when putting a house under contract on the BP website?
Mario B.
Early lease termination
Hi All,I have a tenant that just moved in, March 1st. We signed a 2-year agreement, early buy out clause of 30 days notice, 1 months rent.He is giving me a hell of a hard time now, he is breaking the lease for a bett...
Will Mckenzie
New rental property with 1 tenant and 2 leases
So I just bought a duplex in south fl with 70 ft of dockage on the water. The tenant has 7 more months on his lease. So I’m renovating the one side and going to rent out the boat slips where I can put 5 boats tied ste...
Mike Y.
IRS Real Estate Professional with small # of units?
My wife and I own a three unit building and occupy one of the units, as well as a separate large undeveloped block of land. She works full-time and I work half time as a consultant. We have passive loss rollovers from...
Mariah Jeffery
Becoming RE Professional for Tax Purposes
All,My husband and I own 28 rent units in another state. I co-manager these with my father-in-law. He is local and does showings and maintenance, and sends apps to me for processing. I do the advertising, and have to ...
William Hall
Writing off Bad Business Debt?
I entered into a contract for sale with a tenant back in 2005. In Dec 2006, I had contract drawn up and buyer claimed he had placed a deposit in escrow, as well as signing his copy of the contract. In 90+ e-mails, w...
Mike Wadsley
Does the Redfin Discrimination Lawsuit Change the Game?
"A federal lawsuit filed this week by housing groups on Long Island, in New York City and across the nation alleges real estate brokerage Redfin engages in racial discrimination, saying it systematically shortchanges ...