Marcus Welson
1031 deadline confirmation by QI/CPA & 1031 CPA recommendations
Hello everyone. Just finished a property sale. I'm trying to confirm the final replacement property identification deadline because the IRS issued a Disaster Notice that may extend my 45 day deadline.My qualified inte...
Marcus Welson
1031 exchange identification deadline extension
Hello everyone.I'm trying to breakdown how an IRS 1031 extension notice applies to a 1031 exchange. All help is greatly appreciated. Facts- Property Sale/Closing date: October 21, 2024- Property Location: sold in Miam...
Sean Stewart
Determining bank fees/atty costs BEFORE Foreclosure Auction
Looking for intel on how to find out EXACTLY what the bank's credit bid will be at foreclosure auction.
I see the judgement amount listed in the case filing. After attending several auctions I know the actual amount...
Victoria Noska
Property for sale with a 2 year existing lease, help!
Hey BP peeps!The property I want to purchase has one caveat - the previous owner has a lease with a tenant ending in 2020. I believe that the current rent is way too low/not being maximized and I would also like to up...
Thomas Gulbronson
I didn't tranfer my Roofing Warranty.....Am I SOL?
I screwed up. I bought a house in 2013 that had a new roof installed in 2012 after a major hail storm went through the area. I never knew anything about transferring the roofing warranty and I just talked to the pre...
Ariel Valenzuela
Tenant has paid rent in a year and placed liens on my house
Very long story short. A good friend of mine bought a home in Alaska but then moved to Florida and rented to a guy he did not research. This guy has been living in his home for over a year, has not paid rent, and cla...
Kristopher Shobe
Scored my first deal!! Some questions..
I just submitted my deposit on a rental property, so excited!! The current tenants have a lease with the current owner. When closing comes, do I take a brand new lease to the tenants and hope and pray they sign (I wan...
Michael Poloncic
Question to beginner real estate investors...
Hey everyone!I was curious as to what beginner real estate investors are doing to grow. What are your strategies during this time in the real estate market? I would love to hear your insightsAs of now my wife and I ar...
Alan F.
B of A says housing market is "stuck"
In an article I read Michael Galpen of B of A says the housing market is stuck til at least 2026 if not longer. Mentioned % rates for mortgages may not come despite any fed adjustments. He Also mentioned the "lock in...
Hector Perez
Rule of Thumb to estimate insurance in a rental property
I have a rental lead and I am doing a cash flow analysis and would like to know if there is a quick way to estimate the insurance cost
I was going to estimate the annual insurance cost roughly 1% of the purchase pric...