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Results (6447)
Scott Lepore Odors
21 August 2015 | 4 replies

I cant get rid of the smell in one of my flips.  It was full of dog feces and urine, mouse feces and urine, and fly feces .  There are little brown spots of fly poop on everything from the walls to light fixtures to w...

Sai T. FHA Buyer and credit/concession for closing
2 September 2019 | 8 replies

Hello Everyone 
I have $200K full listing price offer from FHA buyer but condition is to credit/concession $8,000 for closing cost. 
Issue is that buyers agent adding a condition in the contract if the appraisal is ...

Peter Lee Tax question on acquisition fee
17 June 2019 | 7 replies

I am in escrow on a commercial building for a value-add deal I am developing and will get an acquisition fee from the LP I am partnering with.  How is this acquisition fee classified tax-wise?  Is it ordinary income? ...

Michael Dunn Tax rate on a Flip......
17 June 2014 | 4 replies

I have read about 1031 ( 1031b ) and am still uncertain as to how the property you sell is taxed and how to ( if you can ) defer from paying taxes on the profit you make, from the sale

I am looking to finally...

Carlos Vega Can I use a friends 1031 exchange as a down payment?
5 April 2021 | 3 replies

A friend who recently sold some land has offered to help with a down payment. We will be consulting an attorney on this but before we do I'd like to know if anyone has ever done or heard of this. My friend who is also...

Steve Oswald 1031 Exchange Question
8 December 2018 | 6 replies

Hello BP,I'm considering selling one of my properties in a 1031 exchange.  What I'm looking to possibly do is on the sale keep some money in the property I am selling to retain say 5% ownership likely structured in an...

Liz Knight 1031 Exchange into a building to be held with partners?
28 December 2014 | 3 replies

I have two partners who both have their properties on the market. One of them, Partner A, needs to do a 1031 exchange into the new property (which we haven't identified yet). What's the best way to qualify for a loan ...

Steven Peery BED BUG ADVICE PLEASE
7 July 2023 | 4 replies

Property in Michigan with BED BUGS! Have duplex property that renters just moved out after 10 years and left disgusting with unit full of roaches and bed bugs. Had company spray and then removed everything from cab...

Martin A Phillips Can my trust issue public mortgages?
2 September 2023 | 3 replies

If you see below, I got good info on my initial question. Now I have a followup. 

Can I use my revocable trust to issue public mortgages? I see many who can't qualify so can a hard money interest-only mortgage loan...

Nick Janovich Applicant has bed bugs
1 January 2016 | 4 replies

Had applicants today that are moving due to bed bugs in their home. I'm in the hospitality industry for my "real job" so I'm well aware of bed bugs.What I'm not aware of is if I can decline the application based on th...