Maher Bateh
capital gains tax?
If I buy and sell houses(flip) as a full time job, do I pay capital gains taxes? I read somewhere if it can be proven as a full time commitment and its the only source of income I make, the capital gains taxes are inc...
Yuriy B.
First investment rental property
I have recently graduated college and thanks to to all of the great people on here I am convinced real estate is the answer to a better life for me, meaning I could live comfortably from rental income when I have arou...
Alex J.
palmdale lancaster los angeles
Hello allI know this msg board has infinity wisdom but if i dig up the old posts on my question the answers might be different given the market has moved.Ive been mulling over the idea of buying some rentals in the pa...
Kelly Byrd
Living in CA, investing out of state. Where to form LLC?
I think I have a simple enough situation that I won't require advice from a asset protection lawyer, I'm hoping some of you are in a similar situation and can pass on what you have done.My wife and I live in Californi...
Sean Robinson
Turnkey Disaster - Need Advice!
I'm looking for some advice on this nightmare of a property I just purchased. I just purchased my 1st investment property and I decided to go with a Turnkey property from Norada Real Estate Investments, because I real...
JT Spangler
How to secure a property when it's not yet for sale
So, I bought a house from a nice older couple. It was their mother's house, and they live next door. The two lots are totally fenced in together with no fence between them, and in total they're 1 acre (I have 0.6, and...
Robert Hanson
Rookie needs advice for tenant screening in C class neighborhood.
Hello BP,
This is a hit to my pride to post, but I need advice. I completed my first rehab to rent in July of last year. It is a quadplex and all units were rented until recently. I just had my first eviction and,...
Chris Clothier
A Call for Leaders in our Industry to Speak Loudly!
I’ve seen a few disturbing posts recently, mostly on social media, but a few here on BP as well, where the posters are reacting almost with glee that we may finally be heading toward a dip in real estate so they can c...
Amanda Sutherlin
Owner Finance deal- has 2 mortgages, Agreement for Deed …Can I even buy this thing?
Found an Ownder Finance deal but found out it has an Agreement for Deed with 2 mortgages due on Nov 15th 2016:$18,500 mortgage due to an individual$34,450 mortgage due to an LLCPaid $55K with $5 down and paying $700/m...
Kevin S.
Questions on LLC
Hello everyone, new to RE investing and looking to create a LLC. What's the best way (and economical) to set up LLC? My accountant? Attorney? Can I use Legal Zoom? I got a quote for $695.00 from an out of state acco...