Greg B.
HELOC at closing of 1031 exchange?
I have a question about 1031 exchange financing. I'm selling a building in a very hot market, and it's going to be difficult to find enough replacement property in time to meet the deadlines.One strategy that I'm con...
Bernard H.
Property Management and the Eviction Process in Virginia
Good afternoon,
We run a small property management company here in Virginia. We're potentially about to experience an eviction situation with a tenant. I understand the process when attempting to handle an eviction c...
Aaron Phillips
How to (?) purchase property as a contract worker?
This question is for a friend who is attempting to buy her first piece of property & get started on her Real Estate path. She is currently working as a travel nurse with a staffing agency. It's a W-2 job and she's...
Mario Brown
Estimating Future Value With Cap Rates
Forced appreciation is one of the biggest opportunities i see in MF over SF, but i don't know if i am thinking about this the correct way. If I am buying a $21,620 revenue stream for $239,000 (9 cap), with an investm...
Richard Anderson
Hard Money Lending - Lender Education Resources?
Hi Everyone, I am wondering if anyone knows of any good educational resources covering hard money lending, bridge loans, etc., - from a lender standpoint? I have searched through the BP forums, and attempted to find b...
Andrew S.
Establishing fair market value for tax purposes
I'm considering selling a property to a family member below current market value. For the purpose of determining potential capital gains/losses, I need to establish a fair market value that will hold up to IRS standa...
Jacob Bollman
4 different big payments starting off
hello just quick question.I'm attempting to get a 2 bedroom apartment with my friend and its been a pain trying to run around and do everything they need. Anyways i work lawn care and since winter is here we don't hav...
Bill Gulley
STUPID QUESTIONS!
I'm sorry, but as far as I'm concerned, BP is not the place to ask such stupid questions as who whould sing a lease, the owner or the person who qualified the tenant.
That shows you have not a clue, at all, about th...
Steph C.
Taxation of Rehabs that Cross to Next Calendar Year
Hi BP,
I have a question that I'm sure many of you can answer.
We purchased a home to rehab last year in an LLC. The rehab was completed last year, but the house did not sell by the end of 2011. If the house had so...
Jacob Fisher
Tentants break up
Hello,
I recently purchased my first rental. It has been good for the past 4 months. Until now, my tenants broke up. The boyfriend messaged me wanting to talk. I called he didn't answer. So I called the girlfriend thi...