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so i own two houses one that i have rented for 15 years and one that has been my primary residence for 7 years. i want to move into the rental property to claim the $500,000 (I'm married) exclusion over 2 years. my q...
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Hey BP members,I purchased an 8 unit that allows dogs & cats under 35 pounds. One of my tenants is currently paying the pet fee of $35 for her one dog but wants to bring in another dog (German Shepard) and I told ...
So back in April of 2018 I bought a rental property using a conventional loan with 10% down on the house. It’s preforming well aside from the occasion tenet issue that’s been fixed accordingly.
My question is, durin...
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Hi All-I have a condo that was my primary residence for a number of years, but I started renting it out last May (and I live elsewhere). Is it now eligible for a 1031 exchange? Does it need to rented for a certain per...
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Halloween. Ah yes, that magical time of year when I get to teach my kids about America and the power of Capitalism!What's that? You don't use Halloween as an object lesson to teach your kids the same principles on wea...
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Hello BP,
I interested in purchasing a home currently listed as a short sale. The home is on the market for 295,000. Based on Redfin the current value of the home is 394,000. This is my first deal and I'm won...
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Hi everyone,I found PLR 200745011 which similarly represents my family's situation with some key differences. I want to request a private letter ruling from the IRS on my particular situation but need the ruling reaso...
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Hello Everyone, I am just starting and buried myself in a few real estate books and feel I am ready to take the leap to financial success. I am thinking to look for a multi-dwelling unit in the Southeast Florida Are...
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Hello everyone, I'm new to BP and to real estate altogether. I'm still trying to figure out my niche in commercial R.E. but I have narrowed it down to apartment complexes or mobile homes. My question would be do you...
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I am a novice single family real estate investor taking a peek into the multifamily realm. I am looking to bud relationships with local brokers, but I don't want to waste their time with my lack of experience. Who sho...