Kevin Sapp
Transfer (gift) and sale of a depreciated property
I have a rental property in service and depreciated since 1993. Purchased for 110, selling for 146. Don't want another rental right now, so 1031 to a rental not what I'm considering.What are issues with 709 generation...
Benedict Joanis
Investor Friendly GCs in Northern Jersey
I am a fairly new investor looking to get into my first rehab. I have looked at a lot of properties, mostly through MLS. Came up with varying strategies on how to find the best deals, from only working with listing ag...
Joshua Berliner
Demolition Costs and Permits
Hi BP community! I recently purchased my first project in Santa Monica and am pretty much in the dark regarding demolition costs. I've been receiving quotes from contractors, but the price range has been fairly wide. ...
Johnnie Fair
Won the bid on a hud, got an inspection can I renegotiate?
Won a hud listing and had an inspection. There is a giant tree around a ton of electrical wires which will cost a bunch to replace. It has a 2 prong wiring but it’s been rigged with 3 prong outlets with a fuse box. As...
Jon Klaus
FHA transaction costs?
I'm selling a home and my buyer is using FHA financing. The price is $60K. In TX with no liens/mortgage. How much should I expect to pay for title policy and closing? I've talked to the title co. I use for buying ...
Josh L.
Installing dimmer switch
I was skimming a real estate book about increasing value of your income property in the bookstore, and it mentioned how much of a difference changing the light on/off switch to a dimmer switch would be.Does it really ...
Shiloh Lundahl
Building a Personal Relationship with Tenants - Good or Bad?
I hear a lot on the podcasts and have read on the forums that many property owners pretend that they are not the owners of the property when they meet a tenant or potential tenant. Instead, they lead that person to b...
Tashoma Lesane
Newbie in Charlotte, NC
Hello BP Community,
My name is Tashoma Lesane and I am a new member who was introduced to BP by a friend. I currently have two cash flowing properties in Charlotte and I am currently looking for a third property.
L...
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Tax implications of sister-in-law on title?
Hi all,
My wife and I are helping her sister to buy a condo so she'll have a place to live when she gets married, which is coming right up. However, she has no established credit, so the loan will go under our names...
Vincent M.
Arrangement with Investor
Hi everyone, I recently have had some initial discussions with an investor who wants to partner with me on some house flips. I am working with some real estate agents, identifying area's to investing in, and potential...