Good morning I completed my first 1031 exchange in 2019 however I am no being told by the CPA we incurred a mortgage boot due to not purchasing a property of similar sales price.
Property sold $1,200,000
Payoff $70...
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Im just starting out and would like some advice on getting my first multifamily in Boston. Im 28 yrs old I rent, have a good job but low funds saved up.
How likely is it to find an investor to buy a condo if the annual ROI is about 7%? I own a Chicago condo with no mortgage. It is not in need of any repairs or maintenance. There is a long-term renter who has just sign...
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Hello all, I have a numbers based question that I can't quite figure out. I currently own my home and have a mortgage on the property. I am looking at potentially buying a new home and renting out my current residence...
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Hello everyone,I hope all is well.This is my first post and am really grateful for biggerpockets. It is an excellent resource.I plan on purchasing homes in Ohio, mainly Cleveland, Akron and Toledo, and renting them ou...
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You pay $50K (2%) --- $100K (1%) 3% may be not possible.How much you are paying?
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Hi, when calculating your net, what are all the expenses involved with AirBNB monthly rentals versus a long-term rental comparison?What are hidden cost factors and situations that a lot of newer short-term rental land...
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We recently acquired a property with tenants who have been perpetually late paying rent. It didn't dawn on us that our PM has been charging hefty late fees until recently when they sent a statement with the late fee u...
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Property Description: non-MLS four family property was originally a 7 unit building (approximately 4400 sq ft total between both floors.) that was converted to a 4 unit building. The supposedly owner did a total ...
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Im seeing a few deals here and there in the mobile home arena. Im curious about the expenses attached to mobile home parks.
In multi-family its safe to say that 50% is a good number, but Ive been seeing 30-40 % expen...