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I have a property that I want to sell and do a 1031 exchange into another property of lesser value. I want to confirm my understanding of the 1031 exchange rules are correct.Exchange property: Cost basis is $205k; Sa...
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Hello Everyone,2.5 years ago when I had just turned 21 years old I bought my first multifamily property in West New York NJ. A Duplex, 3 bedroom 1 bathroom over 3 Bedroom 1 bathroom with an added bonus of a Finished b...
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I have a situation where I have a tenant in one of my rentals that has expressed interest in purchasing the house. She has been a good tenant since 2008 and has always paid on time. Curious if anyone has done this b...
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I need some advise from other experienced investors that might’ve started their investing career with house hacking. My wife and I are close to agreeing on getting a duplex under contract in a good market. We would li...
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Hi,If I didn't have enough down payment to cover 20% of my mortgage, I obviously had to add mortgage insurance to my total loan. When I'm able to accumulate more savings, other than refinancing my mortgage and costin...
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First, a little background. I recently purchased a foreclosure quad. It is need of basic rehab such as: debris removal, cleaning, sheetrock repair, flooring, new entry doors, a couple of windows, some appliances...
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What is the norm with regard to option fees for feasibility and earnest money related to MF apartment deals? Regarding option fee, I think I got lucky on my last deal at $300 for 30 days. The current deal I am worki...
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Hello, I am pretty new to this whole thing and do not currently have any properties however, I have read and learned about the analysis of deals on biggerpockets but would like some input to make sure I am viewing thi...
I have been approached by 2 people, whom I know very well, about partnering in their local rental real estate business. They have grown this over the past 15 years and have approximately 50 houses (single family 3/2 p...
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The HOA president purchased a 2nd unit in our 3-unit building. This has rendered all of the units in the building unwarrantable and will make it harder for me to sell my unit which I intend to do soon. All owners in ...