Kathy Fettke
How to go after Growth Equity Group-Brett Immel, Preston Despenas
6 January 2025 | 38 replies
Here is the thread I started a few months back detailing my experience with Growth Equity Group, Brett Immel, and their cronies.https://www.biggerpockets.com/...Subsequently, I've had dozens of investors come to me directly, many of them having phone conversations with me, stating how they lost most or all of their retirement funds.
Mark Forest
Syndication capital calls
14 January 2025 | 37 replies
It is very important to post all the details you can so others do not send money into a failing enterprise.
Mustafa Shaikh
RAD Diversified Review — It Wasn't Pretty
8 January 2025 | 146 replies
Subsequent images on the site show the property’s progressive deterioration over the years.Another property, a three-story rowhouse at 915 Dauphin St. near the Fairhill neighborhood, underwent a similar decline: Seven months after its November 2016 acquisition by DDH, it too had windows and doors.
Bob Asad
How do you prevent co-mingling of funds?
7 January 2025 | 24 replies
It was a subsequent post in response to my question that OP made clear it was because the state required deposits to be held separate.
Noah Bacon
BiggerPockets Pro Partner Update - Stessa!
15 January 2025 | 49 replies
Despite my initial contact on December 17, 2023, and subsequent emails to Courtney.Sansone the problem remains unresolved.The issue arose when I attempted to link my Bigger Pockets PRO account to my Stessa account.
Angela A.
Cash out after 1031
13 December 2024 | 8 replies
A subsequent cash-out refinance of the replacement property (e.g., $250K on a $1M property with a $500K loan) is treated as a loan and generally has no tax implications related to the 1031 exchange.
Derek Buehner
Tax deductions on a remodel for a future STR while living in it.
16 December 2024 | 8 replies
However, these costs can often be added to your property's basis, which helps reduce capital gains tax when you sell the home.Once the property is officially a short-term rental, subsequent repairs and maintenance would likely qualify as deductible expenses.
Craig Parsons
Hot mess with a renter/squater how to get hew out ASAP
8 January 2025 | 20 replies
If he rents it out for 5 years, he now has to pay capital gains tax on that $300K (and any subsequent appreciation).
Paula Impala
Norada Capital Management suspending payments
31 December 2024 | 418 replies
Kachara Enterprises is proud to announce for all our suckers.... er, marks.... er, Note Investors, yeah "investors".....
Scott MacComb
Contract with general contractor on house flip
31 December 2024 | 13 replies
Project phases typically divide payments into an initial deposit and subsequent installments.Depending on the project scope, you can divide the payment into milestone payments.