Garrett Hawk
Self Directed IRA Notes
Hello!I have an investor that wants to loan myself money on a note out of his IRA for a flip I am doing.This is my first time dealing with self directed IRAs and he has not dealt with this before either.What process d...
Todd Boyer
Purchase & renovation expenses for rental not placed in service until following year
Bought our first rental home in September 2014 and major renovations were complete in January 2015. House was placed "in service" in February 2015. Do we report on purchase and renovation expenses incurred in 2014 o...
Joe Calloway
Pittsburgh Real Estate Investors Rally for: Training for Tyler
We are putting on a charity and training event tonight at 5:30 @ The RE360 WorldHeadquarters in Allentown area of Pittsburgh. We have raised over $4,000 for the Family Glen Kirk (a fellow real estate professional) who...
Noah Barba
Estimating Carrying Costs
Hey guys, since I haven't even owned my own home yet, I'm completely novice to the expenses that one would incur while owning a property. Through reading, I've learned most of them
e.i. mortgage payment, taxes, utili...
Drew Bonner
Tax implications for capital gains
What are the tax implications for angel investors receiving capital gain profits paid out by myself in the sale of an apartment complex? I would be doing a 1031 exchange for the property itself, but would want to pay ...
Lucas Hammer
Anyone know if coach houses are coming back?
Apparently both Rahm and Lori have discussed bringing back coach houses, but I haven't seen anyone actually trying (outside of Oak Park). We have a garage where a coach house used to stand and the garage has a cement ...
Christopher Smith
Legal Real Estate Run-ins ?????
When wholesaling real estate. If i was to do a deal a day with a profit of 19K a week thats 40K. Now because this isnt a job or any business do you file this on your taxes? Will you be audited? What legal issues sill ...
Aquila Oliveira
First time closing on property
Hi every one, I have recently start a contract to purchase a property in Florida.The sellers wanted a 12 day loan approval from initial date of contract which was nov 4th. The closing was set for December 1st, but th...
Bob Stein
How do you clasify refi closing costs?
Hi. If I refinance 1 property to buy another, are the refi costs expensed, capitalized with the original property, or capitalized with the new property? Thanks
Kenye Serna
OTHER POSSIBLE COSTS WHEN PURCHASING A HOUSE TO FLIP
Hi BP Friends! New is this thing of flipping houses, some questions that i have, and hopefully some of you can help me out.1. When purchasing the house, who pays for the closing costs?2. Other than closing costs, what...