Gregg Tucker
Converting private residence to rental and using 1031 exchange
I’m new to Bigger Pockets and have a question I haven’t seen addressed. I am a 15% owner of an LLC that is selling a manufactured home park. Can I do a 1031 exchange for my own private residence that I am converting t...
Holly Stoltz
First buy - are we getting someone else's cosmetic flip
We're closing on a 6 Plex in a couple weeks and are having doubts. The property is in a great area (Class C) but with a need for more housing. Renting is never an issue. His leases are month to month and he pays al...
Rodney Burayidi
New and First Acquisition: Duplex Property Indiana
Hello Bigger Pockets! I recently purchased my first investment property which is a cash flowing duplex (built 1920) in Indianapolis, IN. One unit is vacant and the other is occupied by a long term tenant. I financed t...
Chinmay J.
Terminating the lease immediately.
This is for a property that is rented out in Virginia (Loudoun County). I represented a landlord a few months ago to rent out his rambler. Turns out after about a month of the tenants living in the property, they co...
Kiley N.
Where is your personal 80/20 focused in your business?
@BP Community: The sheer diversity of successful RE strategies has always intrigued me as it opens up success to so many different types of people. It is so interesting to see how people structure their businesses a...
Kevin Humphreys
REITs v. Direct investing in real estate
My question is pretty basic. What are the main reasons why investing directly in real estate is a better idea than just investing in REITs.My understanding is that the rate of return on REITs is generally higher than...
Kelly Conrad
According to my numbers, I just collect money?
Hey everyone! This property is duplex with an asking of 129,900 and has fresh leases for 1,025 and 1,000 that were signed in July. The tenants pay for water, heat, and electric, and the property itself is managed by a...
Jonathan Felts
How to determine 1031 Construction Value?
If I sell my property for $600k and owe $300k on a loan, I walk away with $300k minus agent commission ($30K). If I want to roll that into a fixer 1031 construction loan project, I understand that the property purchas...
Alejandro Garcia
How to Raise Rent in Los Angeles???
Hi I am currently looking for a second property in the Los Angeles area to House Hack! I purchased a duplex last year and have since renovated, placed a tenant and looking to refinance soon and do it all again. I am l...
Ram Ranga
Inspection Items - Proceed or Not to Proceed
I am on contract with my first property and just got the inspection report back. This will be my first investment property and I am not sure how to handle all of the suggestions from the inspector. Want to hear from y...