Hi everyone! I have some novice questions so bear with me.. Where does one start when it comes to rehabbing a house? If I’m looking to purchase a property that needs a significant amount of work, (1) how do I, an amat...
I have a worn 6-plex under contract that is next to a lot where 14 new townhomes are being built. Next to that is a lot with 20 townhomes that are probably 25 years old. The lot the six plex sits on is the same size a...
Ok y’all, I’m new-ish to the game and looking for some help on what to do with my first rental. I’m going to put in a ton of numbers, and I’m looking to answer the sell or hold question. Thanks for your help!! Propert...
My parents are selling multi-unit (10) apartments, which is part of an LLC. The LLC consists of my parents and a family member who recently passed away, and the property is fully paid off. When its sold, can the fun...
When doing a 1031 exchange, I know I have to target 3 properties. I heard that I do not have to buy one of those 3, I can buy a different property not targeted, is this true?
Hey BP Family!I'm looking for some guidance on initiating a 1031 Exchange. I purchased a SFH in NC under my LLC. I'd like to sell it and use the funds towards a vacation home in Northern California (the property has a...
I recently closed on my first SFH rental with tenants moving in. I also own a 156 acre ranch that I’ve rehabbed the house and I’m thinking about selling.
If I sell that, is it just the profits that are subject to be...
We are trying to analyze Trust-held properties to identify the stinkers to sell and the winners to keep. Is it recommended to use the Rental Property Calculator to analyze these properties that are owned outright? Som...
I currently own a 15 unit apartment building on the southside of Chicago. I will be moving, Lord willing, to the Indianapolis area in the next year. I am looking to do a 1031 exchange for something in Indianapolis. I ...