Lawrence Rutkowski
Duplex Lease option and Roommate Law in NYS
Hello all,I own a duplex in the city of Buffalo NY. I am looking at drawing up a lease-option for my downstairs tenants who have been with me for 8 years.I have never done one of these and would be appreciative for so...
Michael Carbajal
Exempting Capital Gains when a property is owned under an LLC?
I am closing on a SFR in January that I plan to live in. I am curious if anyone has ever successfully been exempt of Capital Gains Taxes when completing a "Live in flip" even if the property is owned an LLC? From what...
Swapnil Shrivastava
Looking for SFH in Henderson NV for investment
Hi All,I am Swapnil, living in Bay Area. I am new to real estate investment. Got introduced to Henderson by one of my friend who invested in a rental there. I am looking for a SFH in a range of 350-550k in a good scho...
Sheena R Roth
Up to a year to identify a property for a 1031? Is it possible?
Property type: fire station with on-site living quartersScenario: The property is currently rented to an EMT company to park their ambulances and house the EMTs while they’re on-call. A new owner just came into the pi...
Aaron Arnold
House Hacking 1st time buyer
I am planing on house hacking my 1st property at the start of the new year. I will have about 10k and probably take another 10k from my 401k. I live in Phx area and plan on purchasing a property at least an hour withi...
Casey Laarkamp
Introduction and rebuilding my credit
Hello all! I have been an on-and-off BP user for the better part of a year, but this is my first time posting. I started getting interested in real estate investing last year after attending the FortuneBuilders 3-day...
Michael Costantini
Pitching a deal to under water seller. Need help on the terms.
I found a two family turnkey in NJ. The seller has it listed for much more than a reasonable market price. Turns out they bought it in 2007 (Ouch!) as a owner occupied residence with 5% down... They now live out of st...
Brendan R.
Finding Tenant for Owner Occupied 2 Unit
What strategies do you use for finding tenants for a multi that you owner occupy (house hack)? We are looking for a tenant now for our upstairs 1 bedroom apartment. I've had good experiences so far placing tenants i...
Jay Zoo
New Jersey condo investment and Renovation cost
Hello BP! This is my first post and I wanted to get few feedback on the current deal. From reading couple of deals on this site, i realize that this is not a deal you guys would even consider; but I got anxious with r...
BENJAMIN KELLY
LLC vs C Corp vs S Corp: Tax Issues
Real Estate is a part time business for me. My plan is to rehab and flip 4-5 homes per year. I have a full time job as an insurance agent where I am a partner in an S Corp. My paycheck puts me in the 30% tax bracke...