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Hey BP community,I’m having a problem with wire transfer. My property manager was supposed to wire the rent to me every 15th of each month. When I checked and noticed that I didn’t receive anything I emailed him about...
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This is a technical question that arises from the painful experience of having an appraisal come in low. It happened two years ago when a VA appraiser, citing comps, said that the price my buyer had agreed to pay for ...
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When combining section 121 gain and 1031 exchange, can you take out the section 121 gain or does it have to be included in the cost of the replacement property?For example, relinquished property is sold for $800K with...
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Hi!We’re planning to rent our home when we move—but we know we will be moving out of state. Question is:Self manage out of state? OR Hire property manager and eat the costs until you have cash flow coming in? What’s t...
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Hello,
I am beginning the hunt for my first property. I've had my ear against the door of REI for a few years now and I'm finally ready (within the next 12 months or so) to dive in. The main goal is of course to omit...
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Hello BP!
Here is my frank 2 cents! I recently closed on my 1st out of state property and in the currently in the process of closing on a 2nd one after learning about turnkey rentals and coming across rent to retirem...
Ok so I feel kind of lost. My wife and I live in Raleigh, NC and own a townhome. With about 60,000 in equity. It would make a great rental for a would be first time landlord. We would probably make 250 a month on it. ...
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I've run the numbers several times, changing different sections to see how it would affect the deal. I just want to get everyone's input on it. If it were you, would you buy it?
So here's the details.
6 unit build...
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As I barely understand the concept right now, is it just buying a cheap house that needs work and then selling to an investor for him to make money off of by selling to a typical occupying family or resident for a pro...
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I have found a SFR from one of my lists and in the discussion with the owner she said she has a lawsuit against her from a previous tenant. I asked if it was against her or the property and she said "The impediment is...