I'm working on a deal structure and am curious to know if it's possible to get the benefits from an installment sale while still capturing the tax free gains from Sec. 121 ? The structure:
I want to sell my primary ...
Hi - can somebody please explain why the mortgage expense is removed from the NOI when calculating the Cap rate? A mortgage pmt is a monthly expense, so if you account for it when you determine your NOI, why is it re...
Hey BP community,
I have a question regarding a 1031 exchange with my parents. They want to sell an investment property and use the 1031 exchange proceeds to help with putting a down payment on a house for my famil...
Hi everyone! First time poster here. I'm Michael Fanelli, and licensed Realtor with @Mark Ainley at GC Realty. My wife and I are looking to purchase our first multifamily and are trying to figure out what's the best w...
several years ago my parent build a cabin in Montana that they estimate is worth and would sell for 750,000 to 800,000. This is there primary residence, and are married so they would be able to keep the first 500,000 ...
I had 2 rental properties in Chicago (I dont live in neither). One of them became a nightmare so I sold it a few months ago. I sold it for way higher than I bought it. I have all this cash in hand and I feel IRS is go...
Hi everyone, I'm new to the BP, one week to be exact. Love to share something here as everyone else did.I took a 3hr short sale class today in Long Island, NY. Just want to share some notes I took down and love to hea...
We have a close family member who has a property in Denver, CO that has been a restaurant for over 20 years. The structure is an old house and the zoning in the area allows for a business or residential. The property...
Old unit: Have a single family home which is, and always has been an investment property. Planning to sell; approx 350k net. New unit: 4-unit multi family in which 3 units (with existing tenants that will carry over f...
Aloha BP!If an owner was willing to seller-finance more than 30% of the property's value, would a lender be willing to loan me the remainder of the deal? For example:Property worth : $320kSeller-finance : $120kLoan : ...