Roberto Peso
How best to take a loss
Here is my situation. I purchased an investment lot in 1998 for $145,000. I sold it in 2007 for $450,000 and did a 1031 exchange with the proceeds and bought another lot for $475,000 The market naturally has dropped...
Dan Schwartz
1031 - Calculations of depreciation and various bases with and without the exchange
I am in the middle of a 1031 exchange. The blog by Jeff Brown in today's newsletter (http://www.biggerpockets.com/renewsblog/2015/07/25/real-estate-investors-myths-eternal-truths/) was the latest place where I heard ...
Elizabeth R Matthews
1031 Exchange in Virginia
I am selling a property in Virginia and want to know if I should set up a 1031 exchange. I bought it for 600k in 2002, and lived in it as my primary residence. In 2005 I moved to Louisiana and rented it out, thinking ...
Carlos Webel
Going rates for conventional 30 mortgages for investors
Hi all,I'm selling a condo in Miami, FL and reinvesting the proceeds in several properties in Houston, TX. I'm doing a 1031 exchange so I'm time bounded on the identification of the replacement properties (45 days). I...
Chance Cooper
I need some "Creative/Sound Advice"
Ok so here is the scoop...My wife inherited a piece Commercial Land in the city of our hometown (Its paid for). I am in the Military and do not plan on building on it, it would just be to much of a headache...We conta...
Charmaine M.
Lis Pendens Question....
Hi all, So I am looking at this property and the listed price is $155k ...Triplex ( short sale) but I did a check on the property and their is a Lis Pendens on it.My question is, would I be responsible for that amou...
Tonia Hill
Do joint ventures and newbies mix? You just can't give people $50,000, if they don't see the value
I believe that all newbies are not alike, in fact we have all been there right? But what makes the difference between a successful, a dappler and just one you should run away from? I am going to vent on my experience ...
Edward Mitchell
Double Closing Contracts and Disclosed Information
Im curious to know what information MUST be disclosed to the buyer and seller in a double closing contract so that I can keep my self out of legal trouble?As always, this site rocks and you guys have awesome experient...
Ryan Taylor
To Fee or Not to Fee
Question for the people in the room that are smarter than me.I haven't seen this topic come up, or I have just missed it. When it comes to STR's and the numbers work (CoC, Cap rate, etc.) but the property is Lease Ho...
Docelyn L.
Quick advice needed: Tenant leaving
Hi Everyone,This is my first post but I've been lurking for months. I acquired a property 1.5 month ago. I introduced myself to all 4 tenants and told them I will contact them to get new leases signed. I got 3 of 4 ne...