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Hello CPAs! I am struggling to get a definitive answer to the question - are payments from a Performing Note passive investment income or are they ordinary income? I have seen it described as both - and lets face it, ...
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Hello & Thanks to the BP Community! You guys are truly the BEST!
I don't see why this would be an issue, but I'll throw it out before calling my CPA tomorrow.
If an S-Cor...
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Hello, new member here with a question about financing a flip. I'm giving myself a year to build my credit, save some money, and finish my personal home flip before I purchase my first investment property and tryin...
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I recently heard something that brought an idea I was thinking about to the surface. I heard that (in general) it is bad to look for buy & hold properties in neighborhoods that are hot "fix and flip" neighborhoods...
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Hey all, I find myself looking into a foreclosure auction at the courthouse. I know it sounds very dangerous for a newbie to start with a foreclosure. So I have been reading every topic about foreclosures and trying t...
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Hi BP community,I own a condo/townhouse in a San Diego beach town that has appreciated significantly since I bought it in early 2013. I would like to cash out the significant amount of equity in it to remodel my prim...
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Hey everyone,I'm an investor in real estate and some how at a loss for what to do with 20k... Lol this is more or less my emergency savings I've spent last 2 years saving and working 60 plus hours to get put up. I've ...
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Hi everyone:
I visited Mammoth Lakes last week and viewed a couple of condos. The realtor I worked with, though, is not particularly communicative, and I think I will have to tell her that I am going to find another ...
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Hello everyone, I'm trying to get a sense for just how valuable tax deferment through depreciation is to the multifamily passive investor. Suppose passive investor Isabel invests 100k in a syndication. The syndicat...
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This was taken from a PM to a colleague.... After writing it up, I figured I'd put it here for your entertainment;) About the tax comment in my post...This is a simple example. The numbers are to show the point. Don't...