Jerad Allen
Roth IRA to self direct Ira
I currently have a Roth IRA from when I was in the military and I was wondering if the biggerpockets community could help tell me how to change that over into a self directed Ira so I can get started on my real estate...
Pablo Bilbaolavieja
Boston accountant newbie heckled for saying "real estate is easy"
Hello BP nation! My apologies for the click bait-y title, but let's admit, it was a little funny. What's building a community without some humor!My name is Pablo and I currently reside in Boston, Massachusetts. I want...
Michael Camden
S Corp: Refinancing a Planned Flip into a Hold - TAX
Hi All,
We're currently flipping a property within an LLC taxed as an S Corp. The LLC holds title to the property. As an alternative strategy post rehab, we may keep the property as a Hold. If we do so, we'll be ref...
Chris L.
Selling rental as teardown. Do I have to recapture deprecition
Hi there,I am selling my rental property as a teardown to a builder. The value is in the land. I was wondering , since it's being bought as a tear down, if I would still have to pay income taxes on the depreciation r...
Daniel Perez
Buying flip under dba in Texas ?
I am in Texas and would like to buy a fix and flip from a whole seller. I looked into a llc for all future fix and flips but I see there is a 30 day waiting period. I would like to close this deal this weak. Is there ...
Tom Puiia
Rental Property Reserves
How much do you hold in reserves for each rental? Do you hold more or less for property type? (I.e. Condo vs Duplex)I've heard 6 months but am curious what others are using.
James Theron Erwin III
Paying yourself for work on a flip?
I’m looking to do a flip soon and I’m going to do a good amount of the work myself. I have an established handyman business and a separate REI LLC. I would like to account for the labor I will be putting in. So my que...
Account Closed
Any professional wholesaler could adise me on what to do
So I found a house that was boarded up today and I wanted to know when I get in touch with the person what should I do first. I can not buy the house by the way I want to use contract assignment and assign the house t...
Tereal Wilsonn
Security deposit and last months rent
At the closing of an already rented property (duplex) of course the security deposit is transferred to the buyer does that mean the last months rent should've also been credited to the buyer ?
Account Closed
Building Extra Floors
Hi all, has anyone developed an additional floor on an existing one-story MF or SFH? It would be extremely helpful to hear the process and costs associated with similar projects. Thank you!