David Pope
Tax deductions when 1031 Exchange unavailable
I inherited 5.6% of a commercial property that is worth approximately $27m with $11m remaining on a loan. My stepped-up basis is $21m. For reasons I don't yet understand, if the property is sold I cannot take advantag...
Grey Goodman
Trying to House Hack/Buy Rentals in Today's Interest Environment
Hi guys! I am looking to buy a 2-4 unit property using an FHA loan, possibly put some cosmetic work into the property and then live in one unit and rent out the others. The issue that I am running into is the metrics ...
Robert Brock
Looking to Start Lease Option Investing
Hi BP Members,Recently I have been doing a lot of research and reading on subject to and lease option investing and I must say I am really interested in it. Seems like a great way to build a passive income portfolio....
Anthony Salazar
Purchasing a house hack in a rent control area (Santa Ana, CA)
I'm looking at purchasing a duplex (owner occupied) in Santa Ana, CA. The unit that we will move into will be delivered vacant. The other unit will stay rented to the tenant that has been there for 12 years. The secon...
Mark Mynhier
Difficult contractor
Question: How do you deal with a contractor who balks at doing repairs that an inspector says are "safety issues" and is weeks behind in the rehab? It would be real easy to be hard nosed, but he is also working on ano...
Shawn Walters
Buying Sheriffs Sale with IRS Lein
A sheriffs sale property I am buying from the courthouse has an IRS lein on it. I knew about it, so it's ok but have never done one. But what I'm wondering is regarding their clawback. So they 120 days from when I ...
Neil Johnston
Lease with an option.
I'm a broker/owner of my own real estate company. I will never make the amount I am wanting to listing and selling property. I have an investor guru that's is mentoring me which I'm thankful for. He tells me I should ...
Richard Mann
SFR - What do you think?
Hi,
I came across this home and ran some preliminary numbers using the spreadsheet that @Joshua Dorkin so graciously provided. I have attached a screenshot of the sheet and would appreciate your input. Than...
Scott Titus
sub2 rental?
I have a seller that is current. He is upside down 30k on his home and wants out. Piti is 500, market rent $1000. If I took it sub2, and rented it, would I be risking too much on the due on sale clause? If the bank d...
David Sheeran
Is my proforma faulty?
I have a rental property proforma that I have put together and would like to share it with some of you guys. The problem is it's an excel spreadsheet and dont think theres a way to share from the forums. If anyone wou...