Richard Aaron
1031 Tax Exchange--What Exactly comprises the Net Sales Price?
I'm selling a rental property for $232,000. There is a $60,000 loan balance owed on it. After commission and closing costs and paying off the first, I will net $158,000. 1. Can someone clarify for me which of the abov...
Orlando Paz
What is the breakdown of the 70% rule?
I have been using the 70% rule, since learning about it on BP's free book. I've also heard of other percentages as well, but for now focus on only using 70%. My curiosity is on how this percentage came to be? is it co...
Benjamin Dutil
Closing costs seems high!
Hi BP community. I have a question about closing costs. I’m buying two duplexes on separate deeds and my closing costs are going to be roughly $6200 for closing for each not including my agent fees. I’m buying one wit...
Meagan Nuru
Property Management Company
Good morning, Can someone recommend a property management company in Rockland County, NY or nearby? This is for a co-op comprised of 296 units.
Amanuel Gebrelibanos
Having a real estate agent VS being your own real estate agent?
As an investor in real estate, when buying property, is it better to have a real estate agent or better to get your own real estate license and becoming your own real estate agent?what are the pros and cons?
Alexander Szikla
CLOSED: 225-227 West 20th Street - $13,750,000
Congratulations to my clients on the closing of 225-227 West 20th Street in Chelsea for $13.75 million!
Rockson Advisory acted as the sole advisor to both the buyers and sellers on this prime Chelsea property compris...
Nandish Parmar
NAICS Code for Private/Hard money lending
Hello Experts, I am trying to open a bank account for my LLC, that is going to act as the Hard money lender for my wife, when she buys a property. When using the naics code 522292 (This U.S. industry comprises establi...
Thomas Rogge
$122.3M Project - Mixed use real estate development - Beacon, NY
Investment Info:
Other other investment in Beacon.
Purchase price: $122,300,000
Contributors:
Vincent Ribes
River Creek is a mixed use real estate development project in Beacon, a city loc...
Anthony Parisi
Gross Rental Yield Calculation Question
Gross Rental Yield: annual rental income divided by my property’s value/price (multiplied by 100 to get the percentage). Where Property's value/price is comprised of the purchase price, all closing costs, and any ren...
Thomas Rogge
$122.3M Project - Mixed use real estate development - Beacon, NY
Investment Info:
Other other investment.
Purchase price: $122,300,000
Contributors:
Vincent Ribes
River Creek is a mixed use real estate development project in Beacon, a city located in D...