George A.
How to get rid off mortgage boot in a failed 1031 exchange
Hi: To All 1031 Exchange Subject Matter ExpertsSo, last year I sold an investment property that carried a debt 800k. Since the sale of the property occurred towards the end of the year, in October, the 1031 Exchange w...
Thalina Garcia
Certified Investor Agent Specialist™ (CIAS) Designation
Hi Does anyone have their CIAS designation? I am wondering if anyone could provide me with some useful information. I am interested in registering for the program and want to know if it's worth the money. thanks
Jeff J.
Minnesota:Tenant not seen for 2 weeks. Abandonment?
I have a tenant who has not been seen for 2 weeks. She has not paid her portion of the rent (on section 8). Does not answer her phone and has dropped off the face of the earth.I placed a Quit or Pay notice und...
Jerry Gandolph
Best way to handle taxes on Flip house
Hello,
Im closing on a property today that I intend to flip for a profit. I bought the house via forclosure for $115k, will put about $20k into it and will list it for $225k. Im curious what is the best way to approa...
Erich Henson
net worth vs income/cash-flow thoughts
I've been investing in real estate for 15-20 years. I used the infamous BRRRR method to purchase beat-up single-family homes and turn them into rental properties. With my background as a mortgage broker, I was able ...
Rick Santasiere
Lead Paint Remediation
Good evening BP Colleagues. Has anyone ever gone through a Lead Paint Remediation process before? In my experience, if Lead Paint is proven to be present (and is disclosed), the property is labelled to the world. So...
Mary Joe
Florida law for transferring ownership - need advice
Hello, can someone tell me what is the best way to transfer ownership of a property from a C corp to myself personally ?
I own 100% of the shares of the C corp. I own the property free and clear.
I und...
Harry Perrette
1031 exchange between 2 LLCs I manage.
I searched the forms but didn't find the info that I am searching for.We are selling a piece of property for 850,000. We currently own a building that has a loan of 325,000, with a recent appraisal of 400,000. Both of...
Anish Arora
depreciation recapture when selling rental SFR
I can't deduct depreciation of rental SFR as I does not qualify as "active" real estate investor because I have full time day job and SFR rental is only part-time.When I sell this rental SFR, I recapture depreciation ...
James Allen
When should I Refinance this apartment complex?
Hey guys,
I'm currently finishing up renovations on my first apartment complex (A 5-unit property). I'm looking to cash out refinance based on the new NOI. In order to get the maximum value, do they appraise based on...