Are there any good books pertaining to tax considerations for real estate investing?

I would also make sure you have the lease agreement and the option agreements as separate agreements and that you pay consideration for the option agreement.

The exchange has gone up considerably since we first started negotiating.  

Hello all,I'm a new investor who stumbled across BP while doing research online.I'm someone who thought about "flipping" for many years and have recently pulled the trigger.  

To set this up and cover yourself correctly an attorney might eat up most of your anticipated profit with fees.Once you take the fees into consideration you wouldn't be getting 20% return even if it materializes.You could ask an attorney to co-participate in the upside and make no money on the front end but they might not go for that.

However, it does take a considerable amount of time to find & work the MLS deals, whereas you can outsource a lot of the work involved in marketing for off market deals....Also, while I might recommend that someone with virtually no experience purchasing real estate use a realtor when buying, off market or not, I don't see why someone who has closed a few deals should continue to do so...It's really not so complex that you can't learn to do it without the help of a realtor...

These are the contacts I am searching for so that when I am ready to pull the trigger, I know exactly who to run to.However, I do want to confirm that we are in VERY similar situations and the options you are exploring (FHA, 203k, as well as purchasing an MFH by the end of the 2016/early 2017) is nearly identical to my own.

Your post triggered my keyword alert on Groton!

Until now, I have yet to pull the trigger on getting an EIN number and creating an LLC.  

Hello all, I have a home I bought Sub2 that I will be getting a policy on tomorrow, but have a couple questions before I pull the trigger.