Example.  I bought a property for 100k and sold it for $500k  so, I have $400k profit.I 1031 the property  above property and buy 2 properties one for $400k and one for $100k. a year later sell the $100k property for ...

Hi Friends,I am interested in a Fannie Mae property that is listed for 370k and need already a roof to live in. It's 30 years old house and no upgrades have been made to it. Needs at least 50k to upgrade kitchen,appli...

Hey guys I fixed and flipped a house and made a profit. Are there any documents I should be gathering from the closing company and filing on my tax return? Or do I just report the amount of profit?

If a wholesaler does use an agent to find properties, I assume you would have to use this agent to sell the property as well, even if you're doing an assignment (or else there's nothing in this for the agent). My qu...

I am purchasing a 5 unit and 2 unit from another investor this week.  The seller wants to only credit me for rents they have collected and leave it up to me to collect rents that have not been paid.They have collect f...

How does one account for seller concessions from the HUD-1?  Is that amount subtracted from the basis, or is that money allocated proportionally to each item in the closing costs it covered?Also, if there is a Lender ...

Currently analyzing a quad-plex deal for my parents. They own a house outright and are thinking about taking a HELOC to finance the 25% downpayment. My Question: How do I account for the loan payment (PITI) they'd nee...

Hello BP community, what are your favorite real estate and business books? I am trying to find some good books to read soon to help me grow and increase my knowledge in real estate. Let me know your suggestions below....

Here's how you can calculate the specifics of a hard money loan... A simplified/general calculation can be done by following the steps outlined below. Step 1: Calculate your total loan amount by taking the ARV (averag...

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $425,000

Cash invested: $35,000

Sale price: $590,000

Bought an older 1980's 2 bedroom condo directly from the S...