Daniel Correia
Feedback on Offer Letter
Hi BP! First time posting. After some searching, I believe I have found my introductory real estate investing avenue - vacant land. My goal is to find great deals on land in my area by mailing motivated sellers. I jus...
Paige Simpson
Capital Gains tax computation
I will be selling some land that I own and am having trouble understanding the tax that will be due. I entered the figures into 2020 tax software but the amount due does not match my understanding of tax computation. ...
Austin Paulenske
Tax Write Off Questions
Hey guys,This will be the first year I am writing off an investment property on my taxes and I'm having a hard time determining what my Assessed Value Ratio % and my Marginal Tax Rate are for tax season this year. Is ...
Sharron Ferrell
Land Flipping Online Course
Hello, has anyone heard of the Land Flipping Online course by Ron & Don Apke?Is it worth it?
Zach Zander
Acting as Lender on land deal?
I've been presented an opportunity to provide a $40k loan on a $45k land purchase. Within 6 months the Buyer would repay the loan plus $20k (50% ROI). He'll be selling the land for $175k, making a sweet profit. Land i...
Les Mills
How to structure LLC with different types of properties
Hi All,
Just discovered this wonderful forum and am doing loads of research based on the questions and replies. Currently, my sister and I are members (foreigners and non Americans) of an LLC which hold land ...
Caridad Reboyro
Seventy percent rule
I know that this rule takes into consideration the asking price times 70 percent less repairs, but were I live population density is high so I came with this adjustment to this rule: asking price less land fair value ...
Bryce Adams
Howard County, Maryland Land Valuation
Hello BP community! I recently participated in the Howard county tax lien sale and have a property that I can now start the foreclosure process on. This property is land only and is zoned commercial. I have a title re...
Mike S.
Strategy: Hold vs. Sell
I would like to get everyone’s thoughts on hold vs. sell. I have a property that generates a 20% CoC currently that I bought 2 years ago. Over the same time the property appreciated 30% and I can sell it and make a 2....
Taylor Herman
How to Value Land + Teardown SFR
Hello BP,I recently came across some derelict properties in the Delridge neighborhood of Seattle and was able to (with the help of the owner of a nearby shop) track down the owner, who said that they were actually sel...