Edgar Martin
Capital gains on rental?
Hi BP,
I have currently owned my property for 6 years and am curious to know if I rent it out for one year, then sell, will I have to pay capital gains since it's been rented for less than two years? Or, since I hav...
Nat C.
Neighbor rescinds water share agreement
I decided to sell my duplex in Las Vegas which I bought in 2013.
When I purchased it I was told I shared a water and sewer line with the neighboring property. The long running agreement was that the neighbor paid the ...
Account Closed
Owner owes more than appraisal
Hello BP community, I have a coworker who is going through a FC. The problem is that he owes more on the home than what the home is actually worth. The bank wants him to put up 80k to stop the FC. The home is worth ab...
Festus Edward
Townhouse vs Condo
Hello ppl,So my lease expires in a little over 60 days and I'm suppose to make up my mind to buy a property. Here's the scenario,I've spent about 80k on renter between a period of 3yrs at my current apartment and its ...
Matt H
Should I sell my building?
Tell me your thoughts on this... I bought a building last year. It has 15 units. I paid $725k. My existing mortgage is for $610k. However, in Edmonton in 2006 properties appreciated by a whooping 51%. I've also increa...
Uriah D.
probate question for the Pros.... I know you are out there!
Snapshot:I tracked down a house that is going to be in Probate (if the son can get it together!) in Wake County North Carolina. Specifically Apex, NC outside of Raleigh. The son lives in Florida and can't come up to ...
Max Cordova
Cash-Out $800,000 Home? (What Would You Do?)
A home that was purchased for $600,000 in 2006 is now worth $800,000 in 2020. The home is at a 6.5% interest rate and a mortgage of $3,900/month. Once refinanced it is estimated that the new mortgage will be $5,000/mo...
LaShonda Welch
Which existing property should I use to finance my next deal?
Hi, my name is LaShonda. I have just joined BP after watching several podcasts. I have a question about how to go about financing my next deal. I currently own two rental properties in addition to the home I live in. ...
Denise Evans
Alabama Tax Sale Excess Funds Strategy is Back!!!
The Alabama Supreme Court ruled on June 24, 2022 that the retroactive portion of a tax sale statute was illegal. The statute stripped former owners (and the investors who partnered with them, by implication) of their ...
Melissa J moore
How can I add to my portfolio?
Hello,
I am new Pro member on bigger pockets and I'm excited to connect with other investors! I'm also interested in building a team. My husband and I have three rental units total (1 single family home and 1 duplex...