8 May 2024 | 2 replies
Someone like SunBelt, but there may be dozens like this company who regularly sell such businesses, works with consultants who have buyers looking for these businesses, and have experience with valuations.Does the business own the real estate or do they lease?

8 May 2024 | 4 replies
Hello Bigger Pockets, My team and I are looking for a tip to point us into the right direction of how to convert our current tenant from regular rent she pays to a Sect. 8 Voucher (where rents in that zip code are much higher), she will have a percentage of the monthly rent paid for her by the government.

8 May 2024 | 9 replies
The certified letter is a summons, just like in a regular lawsuit.

9 May 2024 | 43 replies
The capital gains you would get from selling the property go back into the IRA tax free or tax deferred, depending on if the account was a Traditional or Roth and the only time you would incur taxes is if you took the money out of the qualified retirement account and took it into your personal name as a distribution.I would never own real estate inside of a retirement account.In your situation of transferring a certain percentage of the property itself instead of cash, you would need to pay a bunch of professionals on an annual basisA) $600+ for an appraiserB) $500+ for the title company to transfer ownershipC) $300+ for your accountant to properly adjust your taxable basis for the rental activity reported on your individual tax return.D) You risk your property taxes being reassessedYou also have to properly split each expense Furthermore, since you are not receiving cash, you would need to potentially find alternative methods to find cash to pay your tax liability.Yes, you are correct, depreciation is not needed/used within an IRA.

7 May 2024 | 3 replies
If so, would it be a regular lease agreement signed between the corp and my dad?

7 May 2024 | 8 replies
Here's a breakdown:Project Details:Property Cost: $50KRenovation Costs: $30KResale Price: $100KProfit: $20K ($100K – $50K – $30K)For instance, if your regular income is $50K, and you add the $20K from the house flipping, your total income becomes $70K.

6 May 2024 | 5 replies
A read some articles that some rents may still be taxable which is fine.

10 May 2024 | 116 replies
Even the best of professionals guess wrong on a regular basis.

7 May 2024 | 5 replies
He regularly analyzes the best markets to invest in, including how fair they treat landlords.