Mack Fleming
Real Estate "Dealers", Installment Sales, Deferred Taxes, and the IRS
The IRS does not allow real property Dealers to use the Installment Plan method of accounting. This means that if the Dealer does an Owner Financed sell, he/she is responsible for the tax liability for the entire pape...
Karin Crompton
Should I address this comment, or hold my tongue?
Hey all,Sometimes the Irish and Italian temper in me clouds my judgment, so I'm throwing this out to the smart, reasonable people on BP...During an inquiry into one of the properties we are wholesaling, a rehabber inc...
R DeMeritt
Finding a realtor
Any suggestions on finding a realtor that acually works for a living? I'm a private investor that pays cash for properties, rehab, and flip right away. I've bought and sold several properties this year. The first five...
Willie Webb
1031 Exchange - Flip House to Rental Property
I know this may be a silly question for the experienced REI and CPA's; but is it possible to roll a 1031 exchange from a flip house to a rental property. I know that the investments from the 1031 exchange has to be of...
Sean Molloy
Hard Money Lender- Ask Me Anything
Hello All, My name is Sean Molloy, I am a Production Manager for WDB Funding, a nationwide hard money lender. Ask me anything about hard money lending and I will do my best to answer! The purpose of this discussion wi...
Adam K.
When preparing for a short sale should you continue paying the mortgage?
My inlaws have a house that they moved out of 2 years ago. Our best guess at this point is that they are $20k underwater on it and they have no money to put towards selling it so it looks like they will list it with a...
Payton Wildrick
New investor in New Bedford, MA looking for mentors and advice!
Hello everyone!
I'm excited to join the BiggerPockets community as I embark on my real estate investment journey. I am new to investing and looking to buy my first multifamily home in the greater New Bedford area to ...
Eric Gamble
BRRRR - Understanding the Math
I have seen a number of post where members would like to undrstand why & how the BRRRR Strategy works. Below, I attempt to walk through the logic of How & Why (this is my approach - keep in mind with math you...
Leo B.
1031 exchange to purchase a fix and flip
Hello all-Would I be able to purchase a fix and flip project with 1031 proceeds? Below is just an example of a scenario.Original purchase price of rental home is $425K$400K loan balance$500K sale$15K closing costs$85K...
Sean L.
New Investor looking to network
Networking Post for a New Real Estate Investor
Hello everyone!
I'm a new real estate investor looking to connect with experienced investors, real estate professionals, and other like-minded individuals in the Woodbr...