Need some help with tax math here.    Wondering if this is a viable alternate strategy to a 1031 exchange?    Here are the specifics:I'm getting ready to sell a rental property (Property A) for about $6.5M next month ...

I have credit card debt that I'm desperately trying to pay off. I have a full and part time job but, it still feels like I can't catch up. I was debating about giving a certain credit repair company (I would name it b...

Hi all, New to BP community and have noticed not many posts mention architects (say in contrast to CPA, legal, contractors, lenders, etc). I am a licensed architect and an aspiring investor (Chicago) and am using my b...

I've been busting my hump trying to get my first deal. I put the earnest down on one but after inspections found it would cost an extra 40k so I pulled out. Now I've got a golden egg. Buying a great condition house fo...

I'm trying to understand what options I have to gather more information regarding an abandoned home in a neighboring town.  The house has been vacant for a couple years and is in a nice neighborhood (values around $40...

I am looking at an REO property listed w/ an agent for 388,000. I found that the home had a 83,000 balance on the original mortgage. I'd like to make an offer but I'm not sure what offer to make. Do you think it at al...

Please forgive me if this post is naive. I have a friend who has been investing in real estate for years. Specifically, he is involved in non-performing loans in the New York and New Jersey areas.  He always has told ...

I am real close to getting a verbal approval from Wells Fargo on a short sale deal I've been working on.

Today they sent me a couple of more items they need to move forward; one was a "short sale contract addendum"....

Let's say you have acquired a rental property and are almost done with renovations. You have a PM for your other rental properties. Do you slide the newly acquired and renovated property to your PM for them to place t...