I own a condo in flagstaff and a house in Colorado. I want to sell both to buy a house in New Mexico. How do I do this without taking a huge tax hit?

Does anyone know the requirements on 1031 exchanges?

What I do know is I must name my property within 45 days of closing and must actually close within 180 days.

What I don't know is must I invest total proceeds? A...

Wow, it's been a year since I was on BP, good to be back. I've been enjoying my retirement in CO but haven't found any deals here, but I have a chance to get one of my flips in TX back, if I want it. Here's the scenar...

We are all aware of the large inventory of already built homes available on the market out there.

But let's say that none of those leftover McMansions or Foreclosed homes suit your needs. Isn't right now the perfect ...

So I found a property that will rent for $500 and I can buy for 30K cash.

My problem is that I then will have 30K + 5K (repairs) tied up for a couple years until I could do a cash-out refi. There is no way to figure...

I am not wholesaling anything but had a question.

You find a REO for $500,000. Market value is $3,500,000.

How much would you wholesale this property for? And would your end buyer have a problem with the spread?

I started conversations with an owner last month who said she was going to sell without an agent and use her attorney. Ok that is great I have an attorney as well and prepared to hand an agreement sent over to her.

O...

Should I be suspicious about receiving a request for rental application from someone who I have not yet spoken to much less even shown the property to? My gut tells me this is highly unusual especially considering the...

Let's assume that you have a track record of success in whatever aspect of real estate that you are doing. You have tax returns and successful projects that you can show potential investors if they ask.Let's also assu...

I have an opportunity to purchase a model townhome from a builder in one of the better neighborhoods in Charlotte, NC. The builder would then lease back the model home to use as their office/model for the duration of ...