Account Closed
Am I The Tenant From Hell? (With Apologies For the Length)
Background: I have one rental property and recently sold another. For both, I outsourced the management, as they were in TX and we now live in AZ. Up until recently, we were renting in AZ, but just bought a place. So...
Markia Dunn
Get the LLC first? Or look for a seller first?
I’m unsure if I should get the LLC first or find a seller first. I believe the reason I’m stuck is because I feel once I get the LLC I won’t find a buyer. Or if I find the buyer first then I’ll have to rush to get the...
Account Closed
Profit Banks Hide from Borrowers
Service Release Premium (SRP)/ Overage
Profit Banks Hide from Borrowers
"Service Release Premium" (SRP) or "Overage" is profit that banks make when they sell a Borrower's...
Joseph Taylor
LLC for Hard Money
Hey everyone. I’m looking at purchasing my first property. I may have to purchase this with hard money. It will be a single family home or a 4 or less unit property. The hard money lender is requiring me to start ...
Helen Zhang
1031 exchanges with auctions
Hi BP community, I am in the process of selling a property and would like to know if 1031 exchange would work for auctions. I can't seem to see why it wouldn't work with auctions, but I would like to know if it would ...
Andrew G.
Moving across the country - should I sell?
Moving across the country for a 2-year graduate program with a $120K total cost of attendance over 2 years (includes room & board) after scholarships.I own a 3b/2.5ba townhouse in Los Angeles (Culver City area) th...
Ayo O.
Comparable Sales value provided by Realtytrac.com
Hi everyone,I noticed that www.realtytrac.com provides comparable sales value for properties. My question is how reliable are these figures? Has anyone ever compared such figures with actual ones supplied by a realtor...
Michael Willis
Best way to set up for 1031?
I’m sure this has been covered before. But I have 1m in equity I wish to roll into the next purchase. (1) What’s the best way to proceed into a 1031? I don’t have my place on the market yet because I feel I need to kn...
Glenn Cosburn
Form 4562, MACRS depreciation for AIRBNB capital improvements
We spent $40,000 to restructure our house (basically combine two bedrooms to an airbnb unit). I assume I use form 4562 to report the start of depreciation of these capital improvements. If so, I was wondering how to f...
Megan Hoyt
ultimatum from general contractor
Our contractor resigned before the project was finished. We ran out of cash because we had accepted his overages instead of questioning them like we had a legal right to do, and it took a couple of months to get new f...