Greg Carr
Finding Vacant Properties
Here is something I picked up recently to find local vacants...Call up the local water department and ask for a list of homes with the water shut off. There should be a local water code stating that you are allowed to...
Elliot Freeman
Tax Avoidance on Duplex
I own a duplex in California in which I live in the top unit and rent the bottom unit to a tenant. The property is valued at about $1,000,000. The property tax is about $15,000 annually. To date, I have attributed hal...
Account Closed
1031 a multifamily u live/d in?
I just recalled that when in NYC i needed(?) to use an attorney to close on my long-term multifam flip (usually at 2 yrs owned/lived in) and usually the first words out of lawyers mouth was 'why don't u do a 1031 even...
Joseph Tjader
Newbie investing, duplex, 1031 exchange, LLC
Hello BP CommunityThis is a very newbie post which will be long so please bear with me.I am 29 and recently (last year) bought a 3/2 near a military base,. It was a turn key and I figured I would rent it out to milita...
Tyson Hill
Tenant Screening/Sex Offender
Just went into a recently vacated unit and found a "sex offender" letter on the fridge notifying my tenants that a sex offender just moved in to the 4-plex next to mine. Was this the reason my tenants moved? Who knows...
Damon J.
Bank Accounts for Buy and Hold Strategy? Starting Out
From what I have read I should have an account for security deposits and an account for rent and expenses that are separate from my personal account. Assuming I will be targeting 10 properties here are a few questions...
Matt Strange
1031 Exchange Help Please!!
I just completed my first flip and cleared 10k, I then bought another property and put down 5k on the house. How and when can I utilize the 1031 exchange? I have read several things on this great tax benefit but I ...
Stylianos Kalamaras
Moving Title from Personal to LLC
I am trying to transfer a property to an LLC in Cincinnati OH. How does that process work?
Erez Shocher
Cashing out as a foreign investor?
Hi all,
I’m a foreign investor, bought 7 buy/hold rentals in Buffalo in cash, each for around 50k. They were bought in the last 3 years and generating ~16% annual ROI.
I want to BRRRR them, but to my knowledge, US b...
Travis Hester
Flip, or hold and rent?
I'm new to the real estate game. I was wondering how to decide either to flip, or hold and rent a property? Is there a financial breaking point that determines this, or just personal preference? My thinking, for examp...