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2 February 2025 | 22 replies
I have my first property under contract in that area.Thank you for the feedback Renita.
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9 February 2025 | 173 replies
Under contract for SFR in SSF for 1.03m.
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11 February 2025 | 4 replies
If this sounds like a path you and your husband find promising I suggest making a thorough contract to ensure the security of both parties.
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29 January 2025 | 5 replies
In the last 18 months various states have instituted new rules, regulations or laws related to (1) need for licensure to wholesale (2) restrictions on marketing of a property in which you do not have ownership and (3) disclosure requirements when dealing with a homeowner that makes it clear to the homeowner that the contact signed with the wholesaler is not a definitive “sales” contract, therefore making it less likely home owners will sign4.
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21 January 2025 | 2 replies
But, if a cost-seg study is done on the old property, you can manage Sec. 1245 recapture tax by doing a study on the new property to confirm it has as much or more Sec. 1245 property.You cannot swap a fully depreciated gas station for a raw piece of land and avoid recapture - you must replace all the 1245 and 1250 property.3) OZ - Sure you can defer your capital gains for a few years into an OZ fund, but the magic of OZ investments is the ability to achieve tax-exempt growth after a 10-year holding period.
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28 January 2025 | 11 replies
and here is a link to the files for contracts: https://www.biggerpockets.com/files
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31 January 2025 | 20 replies
I continue to affirm that no agreement between me and estate legal exist, as there was no meeting of the minds, which is required for a legal contract inder NC State Law.I furthermore had rescinded my offer to enter into said contract with them due to this lack of the meeting of the minds.I continue to request a full refund.
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19 February 2025 | 27 replies
The resources are abundant - spreadsheets, contracts, tangible items to help you succeed.
31 January 2025 | 6 replies
After winning the bid I had to provide 5% of the price as earnest money within 1 day of the seller countersigning the contract.
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27 January 2025 | 9 replies
Quote from @Wilson Lau: Quote from @Zhenyang Jin: Hi all,I under contracted one 6 units multifamily in Bay Area and doing commercial loan with Chase.