Jeremy Keone
1031 Exchange. Net profit or capital gains?
When purchasing the “replacement” property, do we need to purchase a property equal to or more than, the Capital Gains or the Net proceeds?Sell “relinquish” property: $287kLoan balance: $115kCommission, fees: $15kPur...
Eric Lilly
NOI not including Mortgage and Property Taxes?
Hey everyone!
Sorry if this is a boring or simplistic question, I'm wrestling more with understanding the concept or reason for this. I'm currently reading "What Every Real Estate Investor Needs To Know About Cash F...
Lane Mcdonald
Necessary to have someone else do the accounting?
I'm just starting out, about to close on my first deal. Wondering if it's necessary to have a professional to the accounting work as to not mess it up for tax reasons. Or is it manageable by the owner and not worth it...
Dan Fields
Do I need an accountant?
Hi, I'm new to real estate investment. I recently purchased a 2 unit home in southern Maine. I couldn't be more excited about the purchase. I moved in Jan 1st but I realisticaly won't be getting a tenant in the other ...
Rick Bassett
The Implications of Dodd/Frank Repeal
I don't care if you love or hate the current tenant at 1600 Pennsylvania Ave. This post isn't intended to be political.I am curious to get the opinions of other BPers on what the investing road ahead/climate looks li...
Brian Peterman
Will I incur a penalty or have a tax hit on a withdraw Roth IRA
Hey BP! Working on closing my first deal and I'm wondering if my thinking is correct. I am purchasing a 3 flat that I will be living in and this is my first home purchase. I have ~$20,000 total in my Roth IRA and I wo...
Jonathan Tavarez
Help with financial options to buy property
Hi all,I found a property that I really want to get (lets called H3) but I need some kind of strategy to get it and I can't think of the best way to do this. I want the house as an investment but I'm willing to do a ...
Allen McGlashing
Need house hacking advice
Hey guys,
Here’s my situation, I had bought a 3-family home last year, lived in one of the apartments for a year and now moved back in with my father to get that extra income from the 3rd unit which is basically hous...
Denise Simmons
Found a house and land with two credit card leans
1) I have a friend that has a house and land that her and all of her sisters-in-laws and brothers-in-laws have been trying to sale for years. They had it on the market for a year. Then come to find out that one of the...
Kerry Drake
REI Strategies??
Here in Anchorage, rents run ~1% of purchase price, and prices are fairly steep. 3/2 (each side) duplexes easily run $450K and older 8/4 (total) 4-plexes are about the same. Occasionally one can find a SFR in the...