Pete Harper
Sale of 1031 trigger
I recently closed a deal using 1031 exchange. I was wondering when it comes time to sale how is the IRS notified? It's not like there is a tax lien on the property is there?
If the 1031 originated in a state with in...
Michael Keller
HELP! Tell me why this won't work...
I originally posted this in the development and new construction forum, but didn't get the responses I was looking for. I thought this might be a better forum for the question. Thanks!Recently, a friend and fellow rea...
Chris Hodges
Buying Dirt Cheap Realestate Vs Financing Dirt Cheap Realestate?
Is it a smarter choice to Finance extremely cheap real-estate or better to just use your own money to buy? I am looking at dirt cheap property to Buy and hold in Indianapolis. I could probably buy 5 properties with ca...
Riz Mat
Need advise for burned property
One of my rental property got burned but not completely burn down. I have claimed the insurance and they pay me out around $50k to repair the property.My property manager sent the contractor to get estimate for repair...
Michael Glorioso
My first cash buyer.
I am a new whole seller and I met with my first cash buyer today. When I asked him what he wants his percentage profit to be, on average, he said he would like to see 20% of the ARV. Is this a reasonable amount and wi...
Ryan Boren
Closing cost
Hey everyone,
Finally, one of my offers was accepted and I planned on owning my first rental property. As I was going to sign the e-documents the banker who we are using advised the closing cost will be 4500 plus 13...
Peter Aziz
CapEx Accrual when Analyzing a Deal
Good morning BP Family! I hope everybody has had an amazing week and is looking forward to an even better weekend! I'm still on the hunt for a new acquisition and am looking for SFRs or multi units in the Indy area (b...
Kelly Montney
Registered Agent when forming an LLC
Has anyone used a Registered Agent when forming their LLC? If so what company did you use? For privacy I do not want our names used.
Parker Shoaf
When do I have the Contractor give an estimate on Repairs?
After evaluating deals and having a shortlist of 3-5 that could potentially work. What is the process like or when is it appropriate to have a general contractor go out and give me the cost of the Rehab? I want to r...
Chase Gu
Question about construction contract
Hi, Everyone: I am about to build a small mixed-use new construction. I need someone to review the construction contract with the general contractor for me: either a lawyer or an online legal service provider. Do you ...