Mike Costello
Sales contract .... correct verbage, reference 1031
New to BP ... so, thank you in advance for your responses.
I have owned a SFH 1031 exchange property for exactly 5 years, two of which i used as my "Primary" residence. I am now selling and want to take advantage of ...
Kaybreh Mathis
Rebilling utilities back to tenants
Hello! My husband and I have 20 units that all had tenants when we purchased them. They are in leases with the previous landlord, but most of them have expired which means in my state that they automatically become mo...
Shane Pico
1st DEAL House hack for the win!!
Investment Info:
Single-family residence other investment.
Purchase price: $370,000
Cash invested: $11,000
Sale price: $650,000
I house hacked this home, did all the renovations myself, then did ...
Evan Vallis
Appraising Multi Family - Zoned As Single Family
Hi everyone.Second house hack underway.. *hopefully, fingers crossed*The home is a single family - converted to multi family with split water and electrical. Based off the city zoning map, it is zoned as R-1 (Resident...
Patrick Pettibone
Survivorship Bias
Well i have many many questions for this wonderful resource. I will limit myself to one focus here though. To preface this I am talking about buy and hold properties. It seems that most investors featured on the podc...
Matt N.
When to "fire" a client!
Hi Team,I had to fire a client recently and wanted to share why! MAKE SURE YOU VALUE YOUR TIME!Do not deal with the following.- Unrealistic expectations- Don't be an "errand boy/girl"- Don't deal with clients who are ...
Stephen Brieloff
HELOC - how to make numbers work with a second mortgage
I have owned my primary residence for over 2 years now and have been toying with the idea of a HELOC in order to leverage those funds to invest in another real estate opportunity. The challenge I am having is that the...
Sean Wilt
Do I pay Sales and Occupancy Tax on cleaning fees?
I know I will have gross revenue from rentals for income tax purposes which would include cleaning fees collected. For income tax purposes, I know I can deduct the actual cleaning costs so that portion of revenue bec...
David Casey
Subdividing - Selling Lots vs Building Houses
Hello, I have a 15 plus acre piece of land that I would like to subdivide and im trying to get some ideas on the best way to proceed. I’ll have to bring in partners for sure. I effectively own the land outright and...
Mike Hoefling
Printer/Scanner - Suggestions?
This is going to sound like a ridiculous request but nonetheless I am asking for your help.
I have had it with my printer/scanner it is terrible and the one before that was terrible and so on. I am looking for someth...