Zach Bollman
Diversifying Without Major Capital
Hello all,
I’ve been looking into note investing and am curious what everyone’s experiences are on BP. Notes seem to be pretty capital intensive due to the cash purchase requirement. For example, with $50,000 availab...
Rob Saunders
Combining 2 sales into a single escrow?
So the buyer of my 2 duplexes (side by side properties) has asked for a single escrow to save a few bucks. I am looking to do a partial 1031 exchange; around 50% of the total proceeds but not clear as to whether the s...
Saran Mandhadapu
5 unit Property insurance advice
Hi,*** request feedback by 12/28 Wednesday.What is the minimum insurance coverage that I need to get for a 5 unit multi-family home? I need help. Here is a quote I received.Building purchase price is $105K, but replac...
Christian Mendonca
Do we qualify for a partial exclusion for capital gains tax?
My wife and I bought a coop in NY at the end of June 2014. She moved to GA for a job November 2015, I joined her at the beginning of April 2016. Staring in March 2016 we began renting our apartment to a friend at a sm...
Eric Gadus
Military / Rental / Taxes
BP,I currently own a rental in birmingham. It is currently renting at almost 2x the mortgage, so there is a strong consideration to keep it. I am also aware of doing a 1031 at some point.My biggest question is taxes i...
Jessica Burrell
Best Rent Payment Website
What is the best (or worst!) online rent payment website in your experience? Why or why not? Preferably don’t want one that will accept partial payments.
Tyler Brown
1031 Exchange getting the "boot"
Hello, we recently completed a sale of our apartment complex for $850,000 that was on a standard commercial loan. We used a 1031 exchange intermediary and then purchased a condo in Florida all cash for $360,000. We we...
Joseph Tarallo
Eviction Help Nj
So . . I finally got my first multi family and have problems smh .. The tenant in the one apartment is the same from previous owner. They're not paying rent and are 23 days late.. I sent out a notice for future rent...
Sarah Dawson
Partnership considerations for notes
I would love to hear some thoughts on a potential partnership with a note. I have a potential PN to purchase for 80k on an UPB of 112k. This is a duplex that would rent for 600 per side and current value 117k.It’s clo...
Bharat Panuganti
Question about cap gains exemption
If we resided in a property for 20 months in the last 5 years, does the IRS consider a "partial" capital gains tax exemption? Or is it a binary designation?