Hi Everyone. I'm looking at a 4-plex in Houston area. When I run the numbers I seem to get expenses (including vacancy) that is usually 55-60% of gross rents. I think this is partly due to property taxes that are...
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background: I am the seller. House is located in California and theres no mortgages or loans on it.TITLE/TAXES/RECORDING CHARGESOwners Title Policy $975Sub Escrow Fee $62.50Wire Fee $35.00Recording Grant Deed $35.00Do...
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Hi BPI am future planning.I kinda know about 1031 exchange but never done one, b.c #1 timing and #2 not cost effective at the time------I bought a duplex that has 2 separate deeds, I am currently rehabbing and hopeful...
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Considering selling my duplex with high prices vs hold. Owner for 3 years, bought for 140k. House hacked and renovated units. All in for 165k. Could sell for 300k ish, mortgage is 830/month at 2.8%. Added detail, I’ve...
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Hi BP,
I was trying to figure out what is the average fixed cost in Massachusetts for an end buyer in the Hampden County Area, anyone has a clue what these numbers usually look like? I'd appreciate any advice. I would...
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Do you want to learn how to be wealthy? Then you need to learn the tax game and how to save. There are lots of ways to do this. We are able to use 1031 exchanges, cost seg, DSTs, etc. But which one is best for you and...
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Hey guys, I am new to Bigger Pockets and I am so glad that I found it. I am new to the world of RE investing and in fact still in the educational part of it. Complete a first deal in the next 3-6 months is a personal ...
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Looking to get out of the active landlord business and exploring pure DST vs. 721 Exchange.
From my limited reading, a DST-721 Exchange seems to be a better option except it is a one-way door (no exchange back to DST...
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I'm bleeding money on closing right now. Background story is have a 65K house under contract. 20% down so takes 13K out. Closing costs total $4,271 !! That is 6.6% Total, diming out 17.2K in cash. I thought closing co...
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I just bought my first multifamily property and I have been thinking about how to maximize my tax benefits on it. If i can write off property management fees as an expense, can I pay myself (either as a sole proprieto...