Petya Toncheva
Misleading seller!! Who pays the Fees????
Hello BiggerPockets community, I recently got an offer excepted on a Two family home, had the appraisal done, had a home inspection done, and then this happened. The lawyer called and said that the home is NOT a two f...
Brice Hall
Land Contract Tax Consequences for Sellers and how to 1031 Exchg
Hoping a CPA or another person can provide some insight and definitive answers when it comes to land contracts, and tax consequences when selling real estate on land contract. Also, if an asset is held for under a yea...
Shikirah Johnson
FHA buyer looking for multifamily
Hi everyone, I'm Shikirah. I'm near Atlanta and born and raised in Georgia. I'm just now starting out into real estate. I got financing, an agent, but no house. I've been searching for weeks and no one has accepted my...
Brya Freeland
Rehab Project Manager - Chicago
Hey BiggerPockets Community - I am an out of state investor, with a property under contract located in Chicago, IL that goes to closing on Nov 20. For the last few weeks, I have been flying to the property to meet con...
Joseph DiBernardo
Structuring a Seller Finance Deal
Good morning -
I have come across a property I am interested in. The PP is 263K. The seller is offering terms of 15 years , 6.5% and 30% down. This property is a condo on Fire Island and generates roughly $20k in Net...
Dylan Brown
Syndication Tax Benefits
I've recently began exploring the idea of apartment syndication investing as I currently work 80-100 hours a week at my full-time job. I am wondering how the tax benefits work for syndication investors and if they are...
Patrick Howe
Chicago Building Code Violation
I recently purchased a 3 unit building on the Northwest side of Chicago that I also occupy in June 2015. There is a single story addition on the rear of building with a master bed and bath. The addition appears to be ...
Jason Medina
Florida Insurance 3x!
Just received a call from my insurance broker that my current insurance company is no longer covering hurricane insurance. They recommended another insurance company who is charging 3x my current rate... you know it'...
Kel S
Uhhg! Frustrated with Banks! (REO)
So we put in an offer last week on a REO/Foreclosure. We put in their asking price...cash and no inspection. We were the first ones according to the selling realtor. But then she comes back the next day and says they ...
Joe Wood
inherited IRA question
Hey everyone,Tax question regarding an inherited, traditional IRA.I am a non-spouse beneficiary which was listed in the will of the deceased. Therefore, it does not have to go through the estate and probate period.My ...