Closing on a property in Wilmington DE soon. Purchase price 45000 and rehab is 50000. My closing costs are 26000. This seems really high to meXCan this amount increase after closing? $81,304.75 NO NO NO12% $836.31Does...
I completed a 1031 exchange in 2023. I understand that PA finally conforms to Fed IRC 1031 eff 1/1/2023. I'm filing my taxes using TurboTax and completed form 8824 for Fed purposes. When I get to PA taxes, I see the d...
I entered a fix and flip deal with a partner 50/50. I have a LLC and he has a LLC, for this property we did not form another llc, just drew up a joint venture contract. My LLC bought the house 20k on 5/15/2017, we spl...
Howdy!So I just purchased my first property, through a decidedly not-easy way - buying a forclosed property online with a quit claim deed. Before bidding, I checked county records for the property's title, and it look...
After 2 years of "getting ready", my wife and I have finally made an offer on our first deal! I recently attended a BP Meetup Group where a group of ~20 great people analyzed the deal, and many of the seasoned pros fe...
I am a self employed sole proprietor. I am looking to buy my first house this year so I am being extra careful with my final tax number and not deducting too much.
However, the SEP tax is really killing me, and I am ...
Hi everyone,I'm interested in Multi-Family apartments in Grand Rapids area. I'm just curious the process of getting a commercial loan when using syndication. Having investors pool their money for the down payment and ...
Hello I currently have a Mobile Home Park that I’m considering turning into a dealership. Has anybody done this before any pros and cons of this?
I'm new to learning about tax liens and tax deeds. Feel like I have a good understanding of how to do it however have been struggling doing my first purchase. Would anyone be willing to mentor me or guide me through m...
I have been investing in VTSAX through a joint brokerage account. I'm debating if I should start maxing out a ROTH IRA or regular IRA in addition. From what I understand you can withdraw from a ROTH at any time, so it...