Rachid B.
Capital gain tax 5 years rule question
Hi everyone, I would appreciate if someone can answer this question for me.I bought a house in Houston in March of 2012. We lived in it for two years and been renting it since.I am selling my house next month which wi...
Kenton C.
Threats to property owner
Hi BP,Question about owning buy and hold single family homes. Is there such a thing as having too much rental property as passive sources of income? The reason I ask this is I am wondering how macroeconomic conditions...
Rachel Mag
Neighbor's house is in Default. Can I rent house from bank?
I'm extremely stressed out because my neighbor's house is in default & instead of waiting for it to foreclose, she is up & leaving to another state. The neighborhood we live in has gone downhill quickly & ...
Stuart Udis
Investing in Multi-Family Syndications With An Out Of State Sponsors
Like many of you, I am frequently contacted by syndicators raising capital for apartment building acquisitions in distant markets. In many instances I am notified an offer was made in a multiple offer situation with a...
Rose Davis
Auction buys
Hey BP! Quick question if I have a pre approval letter and want to buy a house at an auction that i know already has equity in it, is it possible to put the money down required to be in the aution and then use the pre...
Jonathan Basden
Flipping profits to purchase properties
Could you flip a house and use the profits through a 1031 exchange to purchase a rental property?
Brandon Yuan
Legal budget for small apartment acquisition
How much is a reasonable budget for legal cost for small apartment acquisition (20 to 30 units)? Activities may include review/revise contract (any special language addendum outside of standard TAR contract), review t...
Therese V.
Calculating Capital Gains When No Ordinary Income
Someone I know bought a property in the 70s to use as a second home. They did this and then turned it in to a rental, self-managed, after a number of years. They never took depreciation on the property for whatever re...
Josh McCallen
Does the BP community prefer private loan or syndication deals?
My newest deal is a rare opportunity. It is a historic winery + hotel + restaurant + golf course. And it is bank owned and selling at 25% the replacement cost. Also the team we have is one of the best in the country a...
Kat Rathell
Selling rental - capital gains tax?
We bought a duplex 7 months ago intending to rent it out. It was bought for cash from our home equity loan. We have now rehabbed the lower unit and found a tenant. They are moving in in 2 weeks. The upper unit will b...