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Is it typical that the buyer pays the buyer's agent commission? I can see where it may make the offer more competitive. If so, what are you seeing for commission? I always thought 3% was standard but I'm seeing $3500 ...
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Hi BP,I'm working on my first flip deal and would like some advice on how I should legally structure it. Here is the scenario: A family friend is retiring and moving out of town. He wants to sell his house, but it is ...
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Looking at my local paper I found several properties listed under the "tax sale" portion of the classifieds. I have had people to tell me it takes up to a year to get possession. If you have bought a property through...
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Hi! Is transferring 100% interest from one single member to another single member a taxable event somehow? Does there have to be a "purchase" of that membership interest by the new member for some dollar amount fr...
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I am trying to find a study with data on the operating expense ratio for residential real estate, and hopefully something that applies to my area. I want to use the data to prove this ratio to my real estate agent. He...
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Hey guys, I have a question.
Hypothetical scenario:
SFR
$1000 NOI
$500 Service on a selling financing.
Cashflow = $500
Are you taxed on the $1000 NOI or on the $500 cashflow?
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When selling a rental what is the process of deferring capital gains? My understanding is you set up a trust for the money to go into after sale and then keep it there until you purchase new property. How much time do...
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I came across a mobile home park for sale on bigger pockets deals. In effort to learn as I go, my question is whether investing in a park where you own all the trailers is a risky business? Or is it an investment in t...
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Does anyone know the answer? I'd love to purchase a property that allows short-term rentals there but the city now requires a license for these and they are in very short supply/difficult to get. The idea of purchasin...
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Lets see if anyone can help me with this scenario as I may face it in the near future...For scenario reasoning lets say I am typically in the 10% tax bracket.I purchase a lot on January 1, 2016 for $18,000 and start t...