John Maynard
Distressed Commercial Building with potential upside
There is a building in the center of the old downtown portion of my city that is for sale. I haven't looked at it yet, but it's 3 stories and about 5K sqft total. It's going to need a major rehab (I'm assuming electri...
Doug Block
Sale of Re-platted property - Tax question
Looking for some advice on how I should treat this situation when I file my taxes this year.I bought a piece of property a few years ago and replatted it and split it into 2 (not equal amounts). Lot A, the main lot, w...
Chance Cooper
Are your taxes supposed to go up?
When you convert your primary home to a rental property, are the taxes supposed to double? I was paying like 500 a year, now its 1200 a year.Does this sound right?
Larry Pruitt
Commission for deal
Hey Guys,
I am a new realtor and I was recently approached by a seller for a family office for several million. I was able to find an agent that produced a buyer that is ready to give an offer to purchase. Since I am...
Mike Irwin
Short term rental
If I buy a property for short term rental and do a cost segregation study to speed up depreciation, can I later decide to convert to a primary residence? Is there time limits to convert, I understand that there may be...
Jaime Navarro
Taxes implications for buyers and seller on finance deals!?
Taxes implications for buyers and seller on Seller finance deals!?I’m working on a seller finance deal and have some questions on Taxes.Seller: Family member Seller’s Purchase price in 2009: $180,000Property owned fre...
Bianca Rodrigues
Partial Seller Financing Question
Hello everyone!I have an opportunity to purchase a mixed use property that seller is open to using partial seller finance. The property has two residential units on the second floor and first floor is a retail space. ...
Gary Alford
Seller afraid of capital gains
Whats up BP fam,I just got off the phone with a owner of a house I found while driving for dollars. She says she wants to sell but she is afraid of paying capital gains taxes because she was killed by them when sellin...
Kim Hopkins
1031 Exchange with Seller Financing - Possible? Easiest structure?
Hello! I have a 1031 Exchange / Seller Financing question. We're trying to make an offer on a property with a seller by offering him seller financing. 40% down payment. He owns it in cash so he doesn't have any loan t...
Bryan Pham
Advice as a back up offer for a rental in Los Angeles
Hello BP,I need some advice, I am trying to make an offer for a 4BR, 2BA 1834sq (730K ARV) home in a suburbs of Los Angeles. It's a for sale by owner with no agents involved, the owners told me that the their previou...