All Forum Posts by: Jason Langmo

@Account Closed Thanks for the reply. That's what I was thinking of doing, I just wanted to see if I had a leg to stand on before I shell out money on a lawyer.

Hey BiggerPockets I am looking for some advice.  I am trying to sell a manufactured home my wife has owned for roughly 13 years.  The manufactured home is located in a park in San Diego County.  The owner of the park has made some demands of us to do repairs before we sell.  Replace the roof, fix carport posts, replace screens, that sort of thing. No where in the leasing agreement does it say anything about replacing the roof, and I didn't see anything in the California Laws about doing so it's going to cost us just over $5,000 to do so.  The lot owner has also gone to the open houses held by my agent and decided to point out all of the stuff he thought I should be fixing before selling.  We have had several people interested in the home and have said that we did a great job of getting it ready to sell, but when they talk with the park owner about the lot fee he said he would raise the lot fee by $200 and he does not provide any services.  Needless to say he has scared off all of the potential buyers for our home. We cannot sublease the property, even though I want to, do I have any recourse in this situation or am I just stuck?

Jake and Gino are AMAZING!! I have listened to every podcast they have and highly recommend everyone listen to them.  Between Jake and Gino and the amazing people here on BiggerPockets, I am finding the motivation to pursue my dream of being a multi-family investor.

Thank you @Dave Foster and @Katie L.. The info was very helpful.

Hello BiggerPockets community,

I have been a member here for a couple of months and haven't introduced myself yet.  I am new to real estate investing and have bee listening to a few podcasts for a couple months and I want to focus on multi-family investing.  My question comes from a co-worker and I thought that you all may be the best place to find answers or direction.  His in laws inherited a large ranch in northern California, it is an active ranch with multiple streams of revenue coming from the ranch.  They recently received a letter from the IRS stating that they will need to pay an inheritance tax due to the size of the inheritance. (+$5 million) The question is, what can they do in order to not pay the taxes?  I was told that they would have to pay close to 50%.  Can they sell this ranch and 1031 into something else? Or is there another course of action they can take to help lessen the blow?