Jefferson Mcvicker
House flip capital gains
I’m planning on to flip a house later this year. When I profit from a flip I know I have to pay the capital gains, is the tax paid at closing? Or do I pay the capital gains when I do my taxes next year?
Kishore P.
JV, SDIRA, UBTI, IRS, Partnership Contract, Legal Entity
Hello All:My partner (Realtor) and I plan to get into a 50-50 % partnership by pooling our individual financial resources to invest as equal partners in a Residential Rental Duplex. Background about JV:Acquisition Pri...
Matt Ridenour
Trouble converting hard money to conventional mortgage
Hi everyone. Asking for my brother who is in a different part of the country than I am. He purchased an Airbnb and has it up and running. He used hard money to purchase and renovate. It's been less than a year and...
Tony Gunter
A Conclusion About a RE License and Investing
It was either an epiphany, or a hard blow to the head, but I realized that in order to really do what I want to do it seems like it will require me to get my RE license. I have interest in MHP's, but that is not the d...
Jonathan Johnson
When is an on-site manger is needed for Apartments?
Hello BP,I'm looking at a 100 unit purchase of 2 buildings. One of the opportunities I see in the apartment is they have a lot of staff.The management on payroll is as follows: Maintenance at $19.50/hr; Part-time main...
Amie D.
Do you consider applicant's self-employment income if business is new?
A young married couple wants to rent a single family home I own in a low- to middle- income neighborhood. They check decently (good references from present/past landlord, no criminal history/bad debts/delinquent accou...
Raymond Lewis
Any advice on using a section 8 voucher to buy a home ???
Hello BP community, My Fiancé and I would like to purchase our 1st investment home using our section 8 voucher. I know that we can use it anywhere in the U.S, but I'm not sure what steps are needed to actually pull ...
Zach Wilson
Planning to use 401k funds to purchase home to rent
I’m new to real estate and on course to get my license but I came up with an idea on using funds from my 401k to purchase an home so I can rent out to tenants. Thoughts and feedback pls!
Simon Obas
Advice for section 8 tenants
Greetings. If a tenant is on section 8, do you still require them to have employment? I just put a rental on the market and a good amount candidates have section 8. How do I even accept section 8? Any advice is helpful.
Josh Tonnesen
401K/ IRA advice for recent college grad
Hello Community
I am starting a new corporate job, and I am looking for some advice. The employer has a 401K matching policy, and I would want to take advantage of that. Being younger and an investor, I think I wou...