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I bought a house for 60k and am selling this month net me 80k and want to do a 1031 exchange. Do I have to escrow the 20k profit only or the whole 80k proceeds from the sell? Do I have to buy a property to defer taxes...
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Hi All, Hope everyone is having a great holiday season and are making deals and money wherever you are. I have a few interest areas for the Syracuse market, which would be the first stab at long distance real estate i...
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Where do I start with wholesaling?EDUCATION - What is the best course/book to learn from or read before making any moves? MARKETING - Whats the best marketing strategy? Door-knocking? Advertising? Mailers? Website? P...
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First off, I am mostly to blame myself. I had a BAD feeling about this company from the beginning but I'm desperate. Anyway, I found a house listed for 8k, went took a look,priced rehab at aprox 5-6k with comps at 35-...
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I'm hoping someone can provide some advice or guidance. I'm renting out my owner-occupied condo in Jersey City NJ in a 6 unit self managed building and I just informed my HOA about the incoming tenant. I'm also an off...
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I own a few basic rental units and one of my tenants recently moved out. I withheld a portion of the tenant's security deposit in part for pet-related carpet cleaning and deep carpet cleaning, which were arguably n...
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I invest out of state. I have a couple of turnkey properties in Indiana, purchased from the same provider (who does the PM as well) 2 years ago. One of my properties was vacated around November last year (eviction). ...
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When most of us think of having the IRS audit us, we get anxious. Audits can be very expensive, invasive and ultimately time consuming. Some audits are inevitable. However, there are multiple preventative measures tha...
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Hi all,I'm in a situation that's probably pretty common (and where the person in my situation is likely wrong).. maybe someone has some input?I was looking into refinancing a SFH that I have, in order to purchase anot...
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Hi BP community, I need some feedback on whether I should hire a lawyer to help me with my tenant issue or if it's something I can take care of myself.
Background: so my tenant has been avoiding me. Not responding ...