John Oyedele
My Plan To Get Started
Decided to share my plan to get started investing to get feedback from the BP community to make sure it is a sound strategy. Appreciate the feedback in advance.Current situation:Family of 3 will be family of 6 in a m...
Zach Mazur
Tax efficient way to purchase home for child
Hi all -I'm a CPA seeking advice on how to best purchase a home for my daughter. I came across a great deal on a condo for my daughter as she's getting married and looking to build equity. I wanted to make an all cash...
James E.
Capital gains exclusion question
Hey BP - hoping the awesome tax nerds can help me out with this one! Working with my CPA to determine whether or not my wife and I are eligible for a cap gains exclusion. Here are some high levels bullets:- my now-wif...
Jeff Bairstow
LLC or not to LLC. That is the question.
I currently have an LLC that I have for a commercial property that I own and lease. I am going to close on a fix and flip soon. Should I put the fix and flip in a separate LLC and should each subsequent fix and flip t...
Ammon Orgill
Split one lot into two lots
Hi all,Does anyone have experience working with Salt Lake City to split one lot into two lots? My specific situation is that I am looking to purchase two lots with the intention of combining the two lots and subsequen...
Ashwin M.
Rental investment in NC - can deed be assigned to existing trust during purchase
Hello all, I am close to getting into contract on a rental investment property in Raleigh suburbs (Johnson county, NC). I am from CA and have had a family trust for a couple of years. My CA real estate attorney had ad...
Brandon Sparkes
Structure multi family build with land owner and myself investor/builder
I am looking for some advice on how to structure a deal. Here are the details.The land owner would supply the land, I would supply all costs and construction. We are looking to develop 10 (3 unit) multi family buildin...
Troy Parker
First Offer, the end of analysis paralysis
Evening BiggerPockets community,
I have been sitting on a preapproval letter for a couple months, analyzing deals daily, waiting for the right deal. I finally found it yesterday. A bank owned 3/2 foreclosure in my ne...
Martin Brady
NJ Tax liens - Buying
Could I pick anyone’s brains on here that is experienced in purchasing tax liens in New Jersey? - Where do I start?Thank you,Martin
Kevin D.
Depreciation on private residence turned rental in 2016
My wife and I are regrettably taking a DIY approach to taxes this year (probably the last year we'll do this!) I'm seeking tax tips for depreciation on an SFR that was purchased in 2014 as our private residence then ...