I am in escrow on a commercial building for a value-add deal I am developing and will get an acquisition fee from the LP I am partnering with. How is this acquisition fee classified tax-wise? Is it ordinary income? ...
HiI work with Third federal and they have an amazing feature of rate relock( which is not refinancing) in that they basically you can request for rate to be changed(when it drops) but paying $295( or lower when they h...
Hi there, I read in a couple of posts and listened to show 70 about subject to deals but didn't find these questions answered. I wonder if you fellow BPers might be able to help me understand a few elements of subjec...
Hi everyone,I'm currently in the process of buying a Triplex to house hack. I'm inheriting two tenants and I was curious if anybody had any suggestions on what I must do. I know eventually I can raise rents and restru...
From last two years i was in real state business , i earned huge profits in begining so to invest more i picked up large amount of money from market at 20% annual interest and invested all in real estate and just aft...
I attended a investor club last night and was talking to an investor about a deal he was working on. Here is the details as best I can remember.Vacant 3 bed 2 bath home with a $86,000 1st Mortgage that hasn't been pa...
I had someone reach out to me this morning with a question regarding their rental property. Currently, there is negative cash flow by a few hundred each month if you also include maintenance and vacancies into the li...
A critical element of RE investing is access to good financing; rapid lender approvals and good terms provide an investor significant advantage in winning deals and generating strong ROI.For first-time investors or th...
Good morning all! I would like to preface this with - I have been looking up the answer for this throughout Biggerpockets and other forums for a few hours and have not found what I'm looking for. If anyone does know ...
Presented by Premier Law PLLCAccording to Florida tax regulations, real property without a homestead exemption is eligible for a 10% cap on annual increases in its assessed value for real property tax purposes.
This...