James Robert
Just sold, now what?
Hey guys - I just sold my primary i rehabbed a little bit and make 68k profit. I am now back at my parents house, I cannot find anything I want to buy and also do not want to live here. I feel I am intruding. Should I...
Angel Pearson
Tax Lien Interest-Cook County
After purchasing a tax lien certificate, when will you be required to starting paying taxes on the property going forward?
What happens to the taxes/funds if the land or property was purchased at a previous sale, bu...
Michael Carpenter
How to tax shelter or write off rental income
I’m house hacking a duplex. Living in one side and renting the other side. Does anyone have advice on how to tax shelter or write off the rental income? I have a mortgage on the property and using the rental income to...
Darrell Brand
Capital Gains Question
Scenario: Parent and child co-own a non-rental property. Parent lives in property, child is silent investor living elsewhere. At sale of property, a $300K profit is realized.
Question: Is full $250K cap gains exempt...
Zane Cress
First Purchase Ever
Investment Info:
Condo buy & hold investment.
Purchase price: $66,000
Cash invested: $5,000
My first purchase was this condo. 2 bed 2.5 bath 15 minutes from the UGA campus. Mortgage was $348. I s...
Mauricio Salom
Long Term Hold
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $505,000
Cash invested: $150,000
After holding our first property for 2 years to avoid paying taxes we sold ...
Dan Miller
LLC setup
If I live in DC and don't yet know where I'll do business (MD, VA, or DC or all three), would it make sense to set up an LLC in the district, MD, or VA? Is this question best answered by a lawyer or a CPA? I'm meeti...
Robert J.
High closing costs.
Do these closing costs seem high to anyoneLoan amount is $131,000 at 7.5% interest with 25% down. ~$11,000in closing costs: 4.4% points ($4,500)$1500 underwriting and processing$700 appraisal and credit report$1300 i...
David R.
IRA Investing into Real Estate
I’ve set up a self directed checkbook LLC IRA. So I am now able to invest my IRA retirement monies into real estate. There certainly are many stringent specific rules that are applicable. Such as you cannot stay in t...
Kumar Gaurav
Biggespockets for stocks
It's been only a few months since I joined bpand already reaping the benefits by getting new insights in to real estate from experienced members.I wish there was a similar platform for stock market as well appreciate...