Hi BPersI have been told that if I sold one of my inherited properties, I would have to pay taxes only on the amount that is above the appraised value and not the total sale. Can anyone confirm this?I'm in IN and wasn...
Hey BP!When looking to buy a new rental property, there are all kinds of metrics that many are familiar with to analyze any given deal. What I have found to be a little more challenging to grasp is determining when t...
If someone already owns a few properties (intentional bought to resale over a couple years) what are pros and cons of selling before or after starting and transferring to a multi member llc?
I'm an investor in Indianapolis that has a rental property that's recently vacant and am considering selling it to free up some cash. The home is a class C, 2 bedroom,46201 zip, and will rent for around 625.00. My ...
I am selling the property to the tenant and the closing was scheduled to 8/15. Should I collect half rent or the whole month rent in case the closing won't happened?Thank you guys for your advice.
Team BB,How much money should I hold onto from the sale to prepare for tax time? I had a tax question I was hoping you could answer about a rental that I've recently sold (did not do a 1031). There's three places I'...
New here and after much research I am deciding to expand my portfolio from just stocks to real estate aswell. That said, I will most likely be looking for a seller financed property. Assuming I find said property at ...
I purchased a 2 bed / 1.5 bath condo in Claremont, NH in June of 2021. It was my first investment property and I may have not paid enough attention to the numbers because I was anxious to get my first property. Now, a...
Hello all,My father is looking to free up some capital for retirement. To do this he's decided he wants to see a property he's owned for awhile. He wants to try selling online to a bigger company vs local, so I was ...
My wife and I are new to investing. We do, however, have a Commercial Property in NW Alabama and we've decided it's time to test the waters and list. Anyone know a great Commercial R.E. agent that represents Alabama? ...