Scenario:1 commercial prop owned by 5 peopleGoal: sell it to me but they each want to split proceeds AND use 1031 to go buy individual props.problem: not doing a single like-kind exchange it looks like they can't spli...
We just purchased a property with a tiny house. The medium to long term goal is to destroy (or move it) and build. But, in the meantime, we have leased it month to month. It is around 400sqft. Safe, clean, and fun...
So we're getting ready to move. I've looked over our old lease and we seem to be okay. However, we've lived in this unit for almost 8 years, and the wear and tear is definitely more than yearly tenants. I know our pre...
I have a 3 bedroom condo that was rented out for 2 years to a tenant. After an inspection, I noticed that there is a strong smell of cigarette smoke. Now they have moved out, but the smell lingered. How do I get that ...
I’m trying to understand the basics of 1031 Exchange.Q: 1. The benefit is that while capital gain taxation is deferred it temporarily frees more money (profits/equity) for re-investing is this the point? 2. Does 103...
I'm finally at the point where I'm researching deals and am reaching out to team members in some areas in the Midwest to start finding me deals. However, I'm not really sure how much money I should set aside for repa...
I own a condo in SoCal, but live in NorCal. For the first three years, my daughter lived there with a roommate. She's moved out, and I have two unrelated tenants there now. (2/2 unit). One of the tenants has been t...
I have heard many stories of OOS investors having bad experiences with PMs taking advantage of them. Things like charging $500+ for "tune up", replacing windows, etc. when in fact, they didn't even stop by the proper...
Hello BP,Wondering what kind of ROI you guys get from putting in new laminate / hardwood flooring on your properties? I'm looking to close on a property that has a pretty rough and old hardwood floor that I want to re...
Hey BP Community,I was wondering if anybody knows the rehab costs per SQF in Washington, DC? I'm aware that there is no exact formula but maybe some who did that in DC can probably tell me the estimate.
Thanks for th...