I live in Simi Valley, CA and have a house in Lake Havasu City, AZ that I just listed to sell. I want to make sure when I sell it I can do a 1031 Exchange. What is the best way to do this and do I need to hire an at...
It has been 80 days since I made an offer on a short sale house. I have a 90-day contingency for the bank to give an approval. I feel the seller is playing games with me. About a month back , her agent told mine that ...
I did a 1031 tax deferred exchange in 2018. I sold three properties which closed on 11/1/2018 and I closed on the purchased property on 11/13/2018. I completed form 8824 and have documented the adjusted basis for the...
Ive tried to search the forums but have not found an answer I was looking for. Found a house that has been foreclosed and is listed on the county record for auction 4/3. At this point is it possible to purchase prior ...
2 questions:1. Does your 1031 exchange have to cover the whole down payment of a property? For example if my profit from a sale is 50k but I need 100k for a down payment for the next property can I bring in the remain...
Greetings BP,Maybe I'm imagining something that was never there, but didn't BP have a link to a company on their perks page that offered quick title curing at a lower price than the going rate?I'm looking into picking...
Need some advice from someone who has more experience as I am just starting out in REI. I found a SFH in a desirable neighborhood, 30 minutes north of Tampa, that is in the pre-foreclosure process. In this case who am...
I have some questions about what to enter into the calculator specifically when estimating costs in New Jersey. I'm looking to do a flip and I'm wondering what I enter into the calculator for: -purchase closing costs ...
Hello BP, Please excuse my ignorance, but I have a potential deal. The homeowner has been not paid the mortgage in 2 years and the property is in great condition, it is in a prime location and would be a steal for som...
Investment Info:
Single-family residence wholesale investment in Kent.
Purchase price: $370,000
Cash invested: $10,000
Sale price: $450,000
JUST CLOSED on a wholesale deal here in Kent, WA - here...