Lawrence S.
Combining Seller Financing and a 1031 Exchange
I am seeking to exit from real estate by way of seller financing. The properties were originally retail and office, but most recently are apartments, so I assume there is recapture of depreciation (not sure if that i...
Tracey Hamilton
Foreclosing on a private wraparound mortgage
Getting ready to do our second "owner carry" deal where we are the sellers. We own the property with an existing HELOC with a balance on it against the property. No other encumbrances. We are selling the property o...
Account Closed
Trustee Sale Insanity
Recently, I held a $35k 2nd against a house in East Palo Alto CA that had a $230k (+ over $20k arrears) 1st. I estimated the house to be worth somewhere in the low $300k's, Zillow has it today at $373k, eappraisal...
Scott Strickland
Selling Partials
New to buying and selling notes. Is there a general rule of thumb on selling partials for performing and NPN and Sub-performing notes. Which partial strategy works best for the above note class. Looking at just sellin...
Olu Sanya
What should I bring to the eviction court date as the LANDLORD?
I have a court date in 2 weeks for my first eviction in 5 years of rental real estate here in Decatur GA. As the Landlord I want to make sure i have everything needed to win the case and get the non paying - No lease...
Tony Castronovo
To exchange or not to exchange - Is a 1031 exchange right for me?
I'm struggling with whether I can have my cake and eat it too. Situation:Selling my portfolio of 8 SFR's (6 I have had greater than 1 year and 2 I have had less than a year) for $1,200,000I need to get with my CPA to...
Ryan H.
Property Management Agreement
Hello, I'm reviewing a property management agreement (I would be the landlord) with the following terms:- Management fee is 10% of rent- Charge of 15% of rent with each new tenancy.- Landlord to pay property managemen...
Account Closed
1031 properties/finding and executing
Hi all,
I need help or advice on finding and accessing properties that have "1031 quality" attributes. Id love to hear tips and advice from other brokers. As a side, Im trying to sell someones development site whic...
Hernan B.
First Investment property
I am about to close on my first rental property. 4 units, 65k, rents at 550/month/unit. I have several questions that i probably should've started asking a week ago. I believe all the tenants are month to month. Can I...
Brett Keller
How would BP invest 1.5 million?
I am a new investor in St. Louis and that will have about 1.5 million in cash to put into real estate by the end of 2016 early 2017. My question for BP is how would you invest the cash?We currently have 3 rental prop...