James Partsch Jr
Need Help and Advice - DEC Contamination Record and Owner Financing Opportunity
There is a 10+ unit building that was under contract and the deal fell through due to DEC records of soil contamination from a previous nearby gas station leak. The owner of the property has had it for over 30 years ...
Manuel Sarabia
2nd lien assuming the first. A few questions if anyone can help.
Hello all. I used the BP search function and there's a lot of great info on the topic buy I'm left with a few questions if somebody can answer. 1. When buying the 2nd lien, can you contact the senior lien right away f...
Anna Warren
sales comp for a duplex
I have a newbie question again! I just got a call from a guy who wants to sell his duplex. I dont have many details on it as of yet (going to meet with the guy tomorrow), but I like to have an idea on what I may be...
Vincent Priore
Suggestions on a Bookkeeper
Hi BP,So my friend @Gennadiy Matusevich convinced me earlier today that I need to hire a bookkeeper and I'm going to bite the bullet. I have a small REI business that's growing steadily and recently launched a Gener...
Shahar Joseph
Add Unlimited Refinancing with Improved Interest Rate Tracking in BiggerPockets BRRRR
Hey BiggerPockets community,
I've been a long-time user of the BiggerPockets BRRRR calculator, and it's been an invaluable tool in my real estate investment journey. However, I've noticed that one feature seems to be...
Bret N.
WorkFlow Systems For Managing a Rehab
You are managing 5-6 flips at once and you choose to do it all in house. How do you capture the property info, job/task to be delegated to the property? Mindmaps, Whiteboards, etc?
Zach Grim
National Bank vs Credit Union
I feel that opening an account and building a relationship with a credit union over a national bank will offer more benefits. What are your opinions?
Steve Hungerford
Can I defer capital gains and keep low prop19 (CA) Tax ?
I am the POA for my dad. His house has high capital gains taxes (bought it 1983) and low property 19 (CA) tax base. Can I keep property 19 tax base on a 1031 exchange ? ( I have heard no)
Could I do the 1031 exchange...
Steve Hungerford
Can a Property being worked on (not rented) qualify as a 1031 ?
Can a property that is being worked on for about a year qualify as an investment property for a 1031 exchange ? The property was not in good enough shape to rent and I was working on the property after my dad moved ou...
Kendall S Jones
Recommendations for Landlord/Tenant Law course
I am new to the Chicago area and exploring multi-families and small apartment buildings. I took a class on Landlord/Tenant Law many years ago in Boston when I lived there which was very helpful. Any recommendations fo...