My brother and I currently own several rental properties in western Massachusetts. We recently found out the hard way that the laws there are heavily skewed in favor of tenants (we're still trying to evict a non-payi...
I am looking to 1031 the first investment property I bought. Its a 2 family home in a rough neighborhood, one side vacant and the other is occupied.I have an okay relationship with the existing tenant but it has been ...
Hello, I'm nearing the end of a contract negotiation for a 100+ unit property, and the "final" request the seller came back was the following: Our CPA recommended that we add a sentence to Paragraph 8: EVENTS OCCURING...
Hi all,
Wondering if there is a way to get out of paying capital gains on selling a second home for personal use. This is for my mom, who has been a snow bird in Port Richy, FL at this property for a little over 6 mo...
I am currently reading "The complete guide to buying and selling apartment buildings" by Steve Berges and he makes the argument that if you buy one apartment complex every year and flip it into a larger complex (I am ...
This was a 4-unit building neglected by the previous owner, with deferred maintenance and extended vacancy. C+ asset when purchased in a prime B+ location within walking distance to burgeoning “Main St” strip of nume...
Here is the real estate scenario....what do you think?In 2017, I bought a 4 bdrm rental home in Port St Lucie, FL for $140k. My tenant pays $1500/mth and I make $250 a month profit. The tenant has been amazing, even...
Hello all,
I am a newer investor who currently holds two multi fams going really well. This post is for a friend who came to me seeking advice and I thought I could extend to this amazing community .
My friend has...
Hi Guys, So I am trying to (finally) figure out the truly correct way to calculate my taxes on an underperforming 2-family property I'm going to sell soon (for purposes of below, I plan to sell in June 2015 and have ...
Best way to obtain cash to expand real estate capital? I have a home we purchased with a solo 401k, that was rehabbed, and ready to sell with appraisal of $250k. If I sell I can have funds to use again for next projec...