Josh Acuff
Can a real estate holding LLC serve as a 1031 exchange?
I am about to establish my LLC for my real estate holding company. I had a potential investor ask me if the LLC could serve as a 1031 exchange as he was about to sell a property but doesn't have another property lined...
Michael C.
STR Operator/Investor based in NYC
Hi all. I'm a former finance professional based in New York. My wife and I operate a short term rental property management business (TrustBNB) with 20+ properties in Philadelphia and New Jersey. We've doubled every ye...
Bruce Reeves
Installment sale and depreciation recapture - example given
Found the example below on a website. This is the way I understand my first year tax liability when selling via installment sale. But after way too much time searching online, I get conflicting advise. I modeled a pro...
Account Closed
Seller's current tenant has a lease agreement for FREE rent!
Seller is out of state and inherited a property from seller's deceased father. Deceased father's girlfriend (tenant) has remained in the property rent free since the passing of the father over 1 year ago. Seller and t...
Arthur Park
What is the processess of a LLC selling some rental properties
I am one of the members of an LLC that has subsidiary LLCS. Each Subsidiary has properties. What is the processes and requirements for a subsidiary LLC to sell a property? And what is the best way to the proceeds...
Rian Ash
Refinance after cash out- Any waiting period?
Hi BP Members,Here is the situation,I own an investment property since 2017. I recently did a cash out refinance which paid off the initial mortgage and I got some cash out. Now, I want to refinance again and lower my...
Raphael Yavneh
Legal help on Stipulation Agreements
I have been managing rentals in Newark for 5+ years. Recently, when I have a tenant that is falling behind and wants to catch up after I take them to court, I have been writing what my lawyer calls a Stipulation Agree...
Gregg Schiff
Real Property Verification Before Sending Probate Letters?
Hi All,For those of you who target probate, do you check to see if the deceased had real property before you send your marketing piece to the PR? If not, on your subsequent mailings, do you maintain sending to everyo...
David Adamolekun
Rent-to-Own deal for home owner
I have a rental property in NC that I recently acquired for 120k. 3 Br 1bath. Currently listed for rent at $1250/month. Multiple enquirers but none close to asking price. Approach by a rent to own company that wants i...
Michaela G.
Private equity firms starting to sell?
I always get notifications by redfin for new listings in the particular neighborhood where I own properties. Normally it's 1 or 2 new listings per week.15 minutes ago I received 2 emails with 15 new listings in that n...