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Here is a scenario that I am looking at:
1bd + Loft, 1ba 800 sqft, condo in a 12 unit, 3 level building.
It is an REO, listed @ $61,900. Needs about $5200 in repairs. Comps come in at about the $75,000 to $90,000 r...
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Lets say you buy 5 properties using 1031 , when you go to sell do you have to sell them all at once? If not, how are taxes then taken out. Lets say the funds in the 1031 were 500k that I purchased 5 properties with ...
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I was summoned to court after carrying out what I thought was due process for a tenant who had a month to month agreement. Under Florida law either party can give notice to vacate with 15 days notice. So I have trie...
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My tenant has given me a 30-day notice on 10/1 to move out by tonight (10/31). However, when I went to do a final inspection tonight, he still hasn't finish packing and moving his belongings. After I questioned him wh...
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I just bought a new home as a primary residence. I use 2/3 of the home for short term rental on Airbnb. Am I allowed to make tax deductions on both - 1) Mortgage Interest, and 2) Offset my passive income with STR (onl...
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I got a property under contract, they called me needing to get of it. Sellers informed me they're behind backed taxes which is the amount I put the contract under for(Not above the comps calculations max offer). The t...
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Hello All. I am new to the forum. Looking for guidance in relation to the sale of my rental property. I became an accidental landlord 3 years ago. I went to work for a company 3.5 years ago and bought a new constructi...
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Hi BP,I recently purchased a REO property in Georgia. The occupants who are currently living there I suspect are squatters. I've seen the house and it's a total mess. Police have frequented the property on many occasi...
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Hi I'm looking for any information regarding Realty Wealth Advisors in Indianapolis. They are a turn key and management providers.Initially I like the first contact, but wanted to know from BP members if anyone have d...
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After meeting with my attorney the other day he suggested in new rental agreements to do a month to month basis for some very good reasons. In the state I invest, its much easier to get rid of a problem tenant. He a...