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Any tips or things to remember when wholesaling such a deal? I imagine cash buyers will want to view the units and mechanicals of the building so I was going to make sure I get keys and access if I get it under contra...
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Hi there.,Two tenants on the lease. Tenant 1 moved out. Tenant 2 stays. 5 months goes by to come to find out that now tenant 2 moved out without our knowledge and let squatters move in.. had to file for eviction, got ...
I bought my main home in June 2016. In August i found out that the land is subdividable. So i start subdivision process. It took 30K (survey, engineers, fees etc) and a year to subdivide (subdivision is done in June 2...
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I'm looking at doing a 1031 exchange on a property that I'm selling on a short notice due to an unexpected offer. I nervous about finding the "perfect" investment replacement with only a few weeks to identify the prop...
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Hi Everyone,I am closing on my first rental duplex in mid-December located in an opportunity zone. I do not yet have an LLC set up for this property and it will be owned by my husband and me at first. We were planning...
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The Opportunity Zones program was established by Congress in the Tax Cut and Jobs Act as an innovative approach to spurring long-term private sector investments in low-income urban and rural communities nationwide....
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I'm doing some estate planning. My kids are in horror of inheriting and managing our real estate portfolio that includes multiple 1031 exchanges. These exchanges have almost no cost basis so they face substantial st...
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Folks, I have a question about a scenario. Bought SFR at $235k (Depreciation base: $200k) in 2016. The property depreciated for 7 years Loan on property: 200k ; Current market price: $360kIf I do 1031 exchange...
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Hey Everyone,
I own 5 investment properties. One house was paid off last year. What a great feeling, $900 a month income with no mortgage, pure joy. Well, the renter has inherited a large sum of money and wan...
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Hi BP,I've mentioned in earlier posts that I'm considering a career change. I've always been interested in the lending side of real estate - specifically on the commercial side for local community type banks.If anyone...