Pete Fiannaca
To turbotax or not to turbotax
Hey Everyone,
Quick and relatively simple question. I own 1 SFR in addition to my primary home that I live in. With being so new to the game, should I consider using an accountant for taxes this year to ensure Im not...
Mark M.
Houston - Crappy House on an expensive street - Need Some Help
Greetings to all,Its been a while since I've posted or really even been on BP, I've been dealing with my full time work and taking care of family but i havent stopped pursuing real estate.I recently got several calls ...
Thierry Van Roy
Fundamental renovations on historical buildings
So I'll probably get some links to older threads, but I can't seem to find them myself for some reason.
After doing a lot of research and looking at hundreds of buildings, I seem to keep coming up with awesom...
Jeremy Sexton
Office Building Maintenance Contract
Hello all,
I'm currently in the process of helping an owner with due diligence for a 10 story office building. I've had several management/maintenance companies walk through. I know this is a complicated building mec...
Andy Becker
New 1031 'like kind' exchange rules
Can someone explain what the ramifications for RE investment are? Does this just make 1031's more restrictive? https://rsmus.com/what-we-do/services/tax/federal-tax/irs-issued-proposed-section-1031-regulations-for-lik...
Logan Vierstra
Would anyone buy this?
Is there any type of investor out there who would buy a deal like this? 3 bed / 2 bath 1400 sqftPurchase price: $300,000ARV: $360,000Rehab:$0 (let's just assume)Currently Rented at: $1900Cash flow: $830/monthCap rate:...
Geoffrey Pierce
Specific Performance is a dud; what now?
Seller balked at closing then sold the lot to a 3rd party before out closing date even arrived. Consensus is that Specific Performance suits aren't worth it for this small of a deal (Still worth 25k to me). I'm told t...
Chris S.
Fireplace Needs Bigtime Repairs - Do I Close It Off?
I have a two family in the Boston area. The downstairs rental unit has no working firelplace -- there is just a bush league electric insert.
The upstairs unit has a working fireplace that the current tenants use o...
Dan Wynn
Refi problem
Hey BP friends,I bought a home for 25.5k, put 32k in renovations, all in 57.5k, and got it appraised at 100k.I was going through a refi process with quicken loans, i worked with them for the past 3 weeks completing th...
Brian Bundy
Capital gains on partial release
I'm new here. My wife and I own a home on 15 acres that we bought from family a little over a year ago. It's our primary residence. We have a mortgage, but significant equity. Our neighbor has approached us about ...