Jeremy Pace
Question of tax impact on private lender
My question is this:I know that on a loan is taxed as income. If I'm buying a house (free and clear) from the owner, how is the principal portion of that payment treated (for tax/income purposes) for the LENDER. I'm...
Ben S.
1031 Improvement Exchange
So if I currently have a rental property that I purchased for $65k and spent $50k improving and I sell it a it a year after buying it for $250k in order to buy a rental property that costs $100k and needs $150k in imp...
Julio Vasquez
Assignment Contract and 2 Wholesalers
Hello BP - I am currently wholesaling and use assignment contract to collect my fee.
But I will have a whole sale deal where the end buyer was brought to me by third person, who also wants a fee, which I'm fine with ...
Chris Lynch
Attention Wholesalers in MA/CT/RI !
My name is Chris, I am in the process of breaking into the wholesaling business. I have read books, studied courses and I feel like I have a strong grasp of the process. However I am looking to get some guided hands o...
Kerry Malarkey
Land contract capital gain treatment
Hello,
I'd like someone to confirm my understanding of the treatment of a gain on a land sale. The offer is a large down payment with owner financing the rest. What I'm trying to do is determine the amount of the c...
Kerry Malarkey
Capital gains land sale 1st year treatment
Hello,
I'd like someone to confirm my understanding of the treatment of a gain on a land sale. The offer is a large down payment with owner financing the rest. What I'm trying to do is determine the amount of the c...
Larry Kellam
Delaware Security Trust
I'm a partner in an LLC. When we sell our property can I take my portion of the sale proceeds and invest in a DST thus deferring my capital gains?
Moua Thao
House flip in Sacramento
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $235,000
Cash invested: $40,000
Sale price: $345,000
Total renovation besides cosmetics added bedroom, new ever...
Emanuel Hudson
wholesaling contracts
hello i wanted to know does anyone in NJ has copies of contracts i need to wholesale a properties such as sale and purchase assignement & option thats used for new jersey i heard its different in every state
Shiloh Lundahl
Turn-Key Lease Option Partnerships - a new lucrative strategy
Hey everybody,
I'd love to get some feedback from you about a new strategy that we are getting ready to employ. But first I need to give a little background. Over the past 5 years my business partner and I have bu...