Jimmy Lin
Proceeds vs Profit on a 1031 Sale
Reading some 1031 articles on BP and it is a little confusing that the term proceeds and profits are being used interchangeably. From: https://www.biggerpockets.com/..."Also, all the proceeds from the sale need to be ...
Seth Levey
STR terminated early - should I refund rent?
I have a condo that generally functions as a short-term rental. I recently rented to employees of a construction company for a two month rental. I was primarily dealing with the owner of the company and had her sign a...
Megan Hirlehey
What is depreciation recapture?
Hi BP. I keep seeing the term “depreciation recapture” pop up in my research, and it sounds like a b!tch. How exactly does it apply to real estate investing and on what types of real estate deals would you encounter i...
Daniel Dingess
Is it OK for Real Estate agents to also be Investors?
Hi- I'm just getting started and have a bunch of questions, so I thought I would start with one that I have wondered about for quite some time.Are there any issues or restrictions regarding Real Estate Agents also be...
Daylyn Massey
Do I have to have my EIN before turning power on, water, etc?
Newbie here! We are closing on our first property tomorrow afternoon. We filed for our LLC and we have that established so when we sign the closing papers the house will be in the LLC. We are being held up with our EI...
Ivy Jones
1031 Exchange questions
Hey everyone! Newbie here. :-) I have a couple of questions about the 1031 exchange I'm hoping to get answered or at least get a little better understanding on. First, we own a property in Mexico that we've been renti...
David Coats
Can I require household income and individual tenant income?
Basically, I want to make sure that my tenants will be able to pay if one of them ups and leaves, disappears, or gets hit by a bus.Is it ok to require minimum income of 5x for household and let's say 2x for individual...
Sandra Helena Holtz Ivarsson
(TX) what liens to avoid at the auction
I'm about to attend my first auction and have been researching the available list for the next event. How do I research liens and which ones "fall of" and which ones "stick" with the property post auction? any other g...
Sven D.
LLC impact on personal tax
Good morning,I'm looking at using a hardmoney lender on purchasing a home that I will use as a primary residence while I rent out the remaining rooms. Eventually I will sell the home. This hardmoney lender only loans ...
Jonathan Ramos
Property Near Orlando Florida
Hello All,I need some assistance on a property that I may want to purchase. The property is worth about $132-$142k. The homeowner states it needs about 20k in repairs but the property really doesn't need it. The other...