Michael Plante
You pay income tax on your profit when selling correct?
Ok I THOUGHT I knew about these things after buying and selling real estate for many years BUT am always eager to learn except when doing a 1031 exchange you need to pay income tax on profit when you sell a property c...
Brian V.
How do I learn how to fill out contracts correctly?
I just bought a course on "Subject 2", last week and I feel like I have a good idea how to find sellers and negotiate a deal. However when I look at the sales contract, deed paperwork, limited power of attorney, etc....
Laurance Kevin Washington
1st Extensive Reno- Acting as GC & Correcting Foundation Probs
Salutations BP fam! I've just contracted another residential redevelopment house and I'm focused on bringing the best quality product to the Birmingham, AL market that's possible; regardless of my limited experience....
Frank C.
Timing the Market - buy now or wait for a correction
As a new real estate investor who has not experienced the cyclical nature of the market, I wanted to see what experienced people say about trying to time the market. It seems like locally and in many markets across t...
Ryan Sanders
I think this is a good deal...if financed correctly
A duplex in my area is listed for 197,000. The following information is provided: "This duplex has been totally renovated inside and outside! The kitchens have new cabinets, new counter tops, and new appliances. Th...
Kevin Linh
Duplex in Temple City, CA did I analyze it correctly?
Hello BP, I found a Duplex in Temple City, CA I'm curious if I analyzed the deal correctly. I'm going to try and see if the owner will do seller finance. Front house, 3Br/1 & 1/2 BaBack house, 1BR/1BA1,843 sq ft. ...
Mats Daniel Skrede
Correct way to write off inventory first yr after purchase?
Good day, all! Last year I purchased my first investment property. In my bid that was accepted, I included in the conditions that I buy the property as is and that everything will be included with the purchase; includ...
Adam Levy
Correct language in a 30 Day Notice to Quit - MA
Hi all, I'm probably going to have to give a tenant their notice this week since it doesn't look like things are going to work out. I want to make sure I get the language right. In case it matters, the specifics of ...
Irina Gav
How to correctly write a lease for a call center?
We got a building for our own business but have some room to lease. Call center would like to move in and they are just starting out so only expect 4 employees to start with. We have a rent set for that. But as they s...
Sam Burns
I don't believe I'm getting my offer price calculation correct.
I found a home listed for $69,900 it's 4 bed 1.5 bath 2 story 1722 sqftAfter using redfin to get the average cost per sqft I came up with an average of $118 per sqft. so I did the home sqft 1722 x 118 for the ARV of $...