Stephen Allen
Owner financing deal question
In an owner financing deal where the owner takes back a mortgage (accepts payments) does the buyer take title of the property? In this deal the seller owns it free and clear. So “due on sale” isn’t a factor.Thanks in ...
Ashley A Merk
Best Business Entity for My Flipping Business?
Hello everyone! I am getting myself more and more confused with each thing I read regarding which business entity is best for me. So here’s my situation..I am about to graduate college and will be working in my field ...
Eric Meyer
NWI investors and landlords
Hey Everyone, please tell me if I'm crazy or reasonable. I completed my first rental (duplex) deal and have it rented as of March 3. It cash flows at $650 a month and yes that is with 25% set aside for cap-ex, repair,...
Luis Escobar
Tax implications and advice
Hi BP community,
First time post but I have enjoyed reading and learning from others experiences. I own a 4plex in Fresno and single family home in the Bay Area and just recently sold a property that I profited 209k ...
Chad Phillips
50% rule on current rental property
4 years ago I relocated my family for career purposes. We made the decision to rent the house we own in South Caroline. instead of selling. We current rent in Georgia and would like to officially begin investing in r...
Anthony Smith
Are New Jersey Property Taxes Really That High?
I'm looking to purchase a house in the New Jersey area with a va loan. However, NJ has the highest property taxes in the country. Does anyone know of any towns or cities in NJ that the taxes aren't extremely high? Any...
Martin Silverstrim
Debt free other than mortgage....HELOC for investing?
We're purchasing our first rental at the beginning of 2020. I'm funding that through cashing out some stocks and using some savings with a 30 yr mortgage. Hoping things go well and looking to purchase another prior to...
Prithvi Sri
1031 vs Self directed IRA
I signed A contract to purchase a home about a year ago for 380 K. I’m going to take position in a months time. The house is now worth about 600 K. Looking at all the comps and history off the prices here in Phoenix m...
Ralph McDaniel
How to Avoid Capital Gains ?
I listened to a BP pod cast last month and someone said if your business is to flip homes, you do not need to pay capital gains tax for less than 12 months. I mentioned this to my CPA and they were not aware of any s...
Minka Sha
Is this triplex worth it? Downtown Sacramento
Looking at a triplex near downtown in Sacramento. It's listed at 354,500. Now, when I do the math, I'm coming with a cash to cash rate of 7% with an offer of 330k but a cap rate of 3.3%. MLS: 14048301- What does it me...