Hiroe H.
Avoiding FIRPTA with 1031
Hi! I am trying to do 1031 exchange. The house which we're trying to sell has 2 owners, a foreigner and an US citizen.
1) Does FIRPTA 15% withholding apply to us? or it's not required since the US citizen can file ...
Allan Bishop Jr.
Friend looking for a short term rental in Wichita Falls, TX
Good morning BP!Bottom line: Looking for a short-term rental (any property type) $600/month or less in Wichita Falls, TX preferably close to Sheppard Air Force Base. Must allow pets (one cat and one dog - lab approxim...
Eric Bradeis
What happens if I don't close on a house I'm buying?
So I'm under contract to buy a tri-plex. It isn't an "as-is" sale but the seller is refusing to make repairs. This is my first deal by the way. What I want to do is tell him, "either make the repairs or I don't buy th...
John T.
How Successful OOS investors solve this
Hi there, I have a question. I am thinking in running a mail campaign to hit some deals off market. I never did one, but it is about time to try and see how it goes. I invest OOS, and I know I can outsource a Call cen...
Ram Srinivasan
Land Contract Distressed Sellers
Hi BPers,
Here is a question that I am not sure has been asked yet
I recently found a distressed seller who are in the middle of divorce and have agreed to sell their house at a reduced price and via a land contrac...
Barbara McArthur
Rental Clause to Prohibit Space Heaters?
My tenants tried to save a few bucks on heating expenses by turning the central heat way down and using space heaters. When they moved out I eventually discovered that one of my electrical outlets wasn't working. Th...
Andrew Stoller
New Member from NH
Hey All,Very excited to join the forum. I've been toying with the idea of getting into REI but have not taken the lead yet. I just got serious about it and am devouring everything I can read/listen to. So far the Bigg...
Chase Shank
Calling on CPAs
I am selling a flip and expecting a 40k profit. Here's what I want to know:Can I do a 1031 to acquire a property for 130k, using the full 40k for a down payment. Then pull 70% of that back out via refi without having ...
Robert J.
Is Business line of credit the way to go?
Hey! My wife and I are occasional flippers with 4 under our belt and we typically use a heloc on our primary to secure hard money and pay for rehabs.I own a plumbing company I’m just getting off the ground and know th...
Kyle Meyers
LLC Headaches
The pros and cons of running a real estate business through an LLC and using LLCs to hold properties have been discussed at length on BP. My question is about what LLC users do to avoid some of the headaches of using ...