I am working with an investor that is spending big money on employing his trades people for reno and repairs on his commercial properties. He is considering letting them go because of the costs involved and hiring out...
I bought a house, owner finance for 40K last year.I've been living in the house and redoing it with my own money. I hope to sell it soon for 100K. I'll need to pay off the owner finance so I hope to walk out with 60K....
The first question is what percentage of tax do I pay on a home that I flip within 1 yr?what percentage after the 1st year. I believe that the capital gain tax does not apply on a sale after 2 years at the primary...
I was recently notified by my tenants that they have bedbugs in their unit and they've obtained 3 bids from exterminators for removal. In all 3 cases it was the opinion of the professional that infestation was related...
Hello,Did a search on BP but didn't see exactly an answer for this question.My parents have a property under my dads personal name. We are doing a 1031 exchange on a property we are selling to purchase a retail plaza...
I’m an investor from Canada researching options for flips. My understanding so far is that a C-Corp is preferable to an LLC for a Canadian as the CRA doesn’t recognize LLCs the same as the IRS and you’ll end up being ...
Hi BP, This is my first substantial post. I'm looking for advice and possible ways to navigate through the HOT(!) Portland market as a brand new beginner to investing. My wife and I own two properties. Our pri...
Hi BP community!Looking for some ideas on how to structure a deal. Our potential sellers, who bought their property a little more than a year ago as their primary home, would like to sell quickly for health reasons to...
I have a personal and secondary home (house hack with a partner)Personal home I’ve been in for 6 years, house hack home 2 years this December. I may end up selling both after the first of the year. What would the tax ...
Hi everyone, my name is Brendan and I have been working the the multifamily sector for the past 5 years as an acquisitions officer. My hobbies include yelling at the TV while watching sports and popping bubble wrap. I...