Matt McConkey
Hot water heaters are expensive, but not THAT expensive
Without going into the giant back story, my wife and I own a townhome in the Chicagoland area and we rent it out to a family who has been there for several years. As with any cold weather climate, there are items that...
Don McIlmurray
First deal - does this look good
I am ready to pull the trigger on my first deal - nice 3br-1b Cape. Rehab is about 14 days labor estimates my contractor and I'm allowing a month to knock it out pending the usual unforeseen circumstances. Here are my...
Nedje Severe
DIY Pre Foreclosure Marketing Campaign in NJ
I’m starting a marketing campaign targeted at Pre-Foreclosure listed homeowners in Union County, NJ. I understand “Pre-Foreclosure” to mean the lawsuit on behalf of the lender to take the property has been filed but ...
G Simpson
Short Sale Contract Changes
I submitted an offer on a short sale (great deal) in Phoenix a month ago. The sellers accepted the offer and it has been fowarded to Countrywide. Earlier this week I was contacted by my agent and she said the seller...
Amanda F
Broken Rental Agreement Tennant won't leave
Hello I have a somewhat odd situation and I'm hoping someone here can help me understand my rights under the circumstances. I had a friend move into my property (basically to house sit) we agreed on low rent while we ...
Michael Carbajal
Exempting Capital Gains when a property is owned under an LLC?
I am closing on a SFR in January that I plan to live in. I am curious if anyone has ever successfully been exempt of Capital Gains Taxes when completing a "Live in flip" even if the property is owned an LLC? From what...
Nicholas Lovric
1031 Question - Not an easy one
Hey BP Friends, I’m looking to purchase a multifamily (56 unit) from sellers who acquired it with 1031 exchange proceeds. They want to seller finance it and aren’t sure if they would have to pay out all the deferred t...
Nick Wehrley
Rehab Cost Estimate
Hello Everyone,The purpose of this post is to determine or get a rough estimate of rehab costs and some suggestions on what I should do regarding a couple circumstances with a potential house flip. To start, the askin...
Mohammad Haidarasl
Can I get into real estate without dealing with interest?
As I researched more into my faith, I figured out that I cannot deal with interest (am to refrain from it as much as I possibly can). Is there anyway that I can eventually become a real estate investor/ developer with...
David Morphew
HOW TO BUY MY BUSINESS PARTNER OUT
HELLO NEW TO THE BP FORUM,MY BUSINESS PARTNER AND I HAVE A RENTAL PROPERTY TOGETHER, THE PROPERTY IS A SINGLE FAMILY HOME 3 BED 2 BATH IN LONG BEACH CA . CURRENT MORTGAGE ON THE HOME IS 405k -MARKET VALUE ON THE PROPE...