I want to lend my friend >$50k so he can buy a property and flip it. All risks aside, what are the tax implications to consider? Interest income will be taxed but how about the initial tansfer of money or when my f...
I am planning on purchasing a profitable business with its real estate included in florida and the dscr is 1.85. the problem is im just short of 600k for the down payment. that being said, can anyone provide me any re...
Hello fellow posters. I have an unplanned capital gain over several decades due to a property interest I inherited. I also have the opportunity to be assigned a debt owed to a professional services company. It is like...
I had two properties that were going vacant at the same time
one was a dead beat tenant that I had to evict after she only paid two months rent.
the other was on a house that I basically just put someone in to keep a ...
I found a property that has been abandoned for over 30 years (exterior still looks great though.) The couple who previously owned it have been deceased since 2001. There was a third person on the records I received fr...
I've been doing lease options for the past year and now I want to get into rehabbing. I have drawn up a business place and am in the process of creating an private money investment proposal. I am going to send this ou...
Hi :D
I live in San Diego, but I am back in my hometown of Memphis, Tennessee now involved in a partition suit I filed against my big Sister on 1/23/08, because we co-inherited our childhood house from our Mother wh...
I recently learned a few lessons in property taxes courtesy of the tax code and my mortgage company that I wanted to share so they don't catch anyone else off guard. In 2014 I purchased my first house down in Phenix C...
Hello everyone, short time lurker, but long-time listener to the BP podcast. Figured I would introduce myself and my situation as a case study to solicit advice. I'm an accidental investor, in the sense that it was ...
If you have any success or experience with the BRRR strategy I would love to hear about it! Do you like it, what are the challenges? Thank you!My situation:I'm having a hard time understanding the refinance (last ste...