Scott Bolinger
Tips on Selling a Property in Cleveland
13 November 2020 | 8 replies
Many agents pay to advertise their listings on social media and are putting on virtual open houses, which are very useful in the current climate with Covid and all.
James Felder
Help Getting started
31 October 2020 | 5 replies
Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion
Tressa Thomas
rent taxes with roommates
2 November 2020 | 5 replies
Your property expenses will need to be prorated between business deductions and personal deductions.House-hacking also has tax implications if you sell the property.
Harrison Kliegl
Tips on Assembling a Team
27 October 2020 | 8 replies
Hi Harrison, get your name out there- go to your local investment group meetups, network on biggerpockets and on social media, do your research via books, biggerpockets, podcasts, etc. so that you know your stuff, and then reach out to agents, other investors, and lenders via cold calling or through email.
John Alosio
1031 Exchange 'Nuts & Bolts'
27 October 2020 | 10 replies
That is an important number for tax purposes, but you need additional numbers to understand the 1031 exchange implications.
Dylan Boniface
Making your portfolio into a public company
27 October 2020 | 2 replies
I believe that you could do this but I would recommend working with a real estate attorney to set this structure up for you as there can be some questionable tax implications if not setup properly.
Jill Smith
Off market steal of a deal!
27 October 2020 | 0 replies
Because my friend had followed my investing on social media, she reached out to me when they were ready to sell!
Ricky Johnson
REAL ESTATE WHOLESALING AT 24 years old.
29 October 2020 | 15 replies
Other than that, I would recommend reading some of the articles written by the BP community for more information on the nitty gritty of the process as well as crushing some podcasts.As for the little things that are super important to keep in mind going forward, I would make sure to look into these:- Legality of wholesaling (more specifically assignment) in your area- Make sure you know how to accurately value a property- It helps to speak with a lawyer to help you get a P&S agreement squared away (Although you may be able to find something online I just wasn't able to)- For finding a deal I would look into things like driving for dollars, cold calling, direct mail, AdWords, social media, bandit signs, etc.- Looking into the title process for your area would be a good step to understand how closing works- When you do get a deal, how you plan on marketing the title (local REIAs, BP Marketplace, Investor groups in your area, etc.)Good Luck!
Hayden Hamilton
Approach To Handling a Roommate Positive for COVID-19
28 October 2020 | 8 replies
In your opinion, would it be acceptable to let everyone in the property know that we will increase efforts to sanitize and practice social distancing, but if they want to move away for 2 weeks they will be liable for all expenses?
Spence Kal
What good is content marketing?
12 November 2020 | 14 replies
By content marketing I mean things like blogs, videos, podcasts, or forms of social media created to bring some kind of value to your consumers.