Justin Polston
Local bar owner looking to sell, tax implications/capital gains amounts if owner lives in property (and has for 40 years)?
Hi all, I listed a local bar/tavern recently and the owner lives in the upstairs and has for quite some town. When the property sells, what are the tax implications for the seller? There are no liens, mortgages, or...
GL L.
"Contingent on Financing" time limit?
Hello,I have an agent telling me that there is a time limit for financing and if bank does not come through or bails then I lose my earnest money? I told her I was going to find an agent who does not believe this...
Lee London
Multi-Family Cost Dataset
Hi everyone,This is my first post here, and I have read the forums some time. I currently have two rentals, and I want to move into multi-family apartments in the Seattle area. I am a data nerd, and I am looking f...
Phil Sharp
Which geographies to invest in for buy-and-hold
I am from the San Francisco bay area, where prices make buy-and-hold investing very challenging. I am interested in investing out of state, in locations where it is more practical to find stuff that can become cash f...
Willow Baum
What Precautions Can a Landlord Take to Protect Themselves against the instance a Tenant-occupied Property Becomes Uninhabitable Due to a Costly Repair that Far Outpaces Annual Rental Income?
Let's say a sewer system for a single-family, low-income rental house in an economically depressed area of NY State, dies. Let's say the hypothetical repair costs $20,000, and monthly rents are $750. Let's say, for c...
Robert Niosi
Deal analysis
Hi BP,
Here is a message I received from a seller I'm talking to:
"There may be a way we both can get sort of what we want.
You need your money to fix the place up so income is higher and expenses are lower.
And the...
Josh Stack
How do you assess the "Path of Progress" for a city?
Evening BP!I hear the 'Path of Progress" discussed on the podcast regularly and often. It's usually vaguely defined or even just alluded to without much in the way of specifics but I take it to mean the geographical ...
Mindy Jensen
BP Podcast 274: 3 Rules Paul Morris Uses to Never Lose Money
What rules govern your real estate investing strategy? For most, it’s a tough question to answer. But not for today’s guest, Paul Morris. Paul, co-author of the bestselling Wealth Can’t Wait, has been investing in rea...
Emma Hustis
How do I analyze a Self Storage Deal?
I am talking to an off market seller of a 120(ish) storage unit facility in Bonner's Ferry, Idaho (near where I live). I have the numbers for the business, but don't know how to value something like this. Who has some...
Ty Moffett
lease options / addendum / realtors!
I recently purchased a course on lease options that came with a number of legal documents including a purchase contract, lease agreement, and an option agreement.
I'm happy with the course but I'm...