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Has anyone NOT done a 1031 exchange on the sale of a property and opted to pay taxes instead? Why did you opt to do this?
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Purchase Price: 109k
Rehab/Cash Invested: 36k/60k
Sold Price: 237k
Net Profit: 61k
ROI: 28%
Hold Period: 11/16/20-03/17/21– 4 months
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Heyo! Networking online due to "stay-at-home" order! Living in the Moore area, watchmaker of 5 years, doing 3D jewelry designs and learning the real estate ways for over a year now. I'd like to meet, greet, network wi...
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Hi BP rockstars! Are there any recommendations for local Des Moines, IA commercial lenders? Recently closed on a multifamily (5+ units) investment property and looking for a lender that has a shorter seasoning perio...
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Do you plan to reach out to your tenants? Would you serve a 5 day notice if an extended grace period is not agreed by tenant. What extra time would you give?Thank you !
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I have a property under contract with tenants from a wholesaler. I’m waiting to be able to get into the duplex for inspection. They are trying to either get me to buy now or let the contract period run out before insp...
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I am a buyer. I just went into escrow on a place (we'll call it home A). Then I found another home (home B) that is a much better fit. Is it ethical to place an offer on B and only cancel A in the event that B accepts...
We're going to put an offer on our first flip or rent. We were told if we don't keep it for a year there will be a penalty but the bank doesn't know how much the penalty is... Is it different for each bank or state? W...
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How do you assign general expenses incurred in your rental business to individual houses for tax purposes? By general expenses, I'm referring to equipment purchases and mileage when we drive by all properties periodi...
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If you want to identify more than three replacement properties during your 45-day identification period, what are the additional requirements you must follow?If you wish to identify more than three replacement propert...