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Hi folks! This is my first post on BP (yay!) I appreciate all the advice on this platform and love being a part of this community.I just came back from Las Vegas where I was looking for my first investment property. I...
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Hello BP Family, My name is Parker Grissom and I new to BP. First, just a little back ground on me before we dive in. My brother and I lost our Mom to cancer in October of 2014. Our Mom was an amazing person. We could...
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Hi thereWhile I have lived on the Westcoast for a good part of my life, I am out of US for past few years. Recently I discovered cheaper houses in Pittsburgh (compared to the west coast cities), and I am thinking to p...
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Ive been trying to confirm the tax consequence of selling my rental unit and am so far astounded at the negative tax implications ive found. I purchased this unit in 2001 for $400k and converted it to a rental in 200...
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It seems to me that the public at large as well as investors are unaware of the BOOM that is happening due to gas exploration! I think that everyone will agree that in our field we keep our eyes and minds open at all...
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I am still somewhat new to the MF world..I’ve been presented an opportunity to purchase a built in 2000 well established 28 unit complex with 100% occupancy, waiting list, the whole 9 yards... however there is a small...
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I own two rentals, one in Grand Rapids, MI and one in Raleigh, NC, but live in NY. The GR home is a 1920's home valued at approx. $130k, I owe $100K. Lease is $1,100 a month. I make about $100 a month. Lease exp...
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Hello All - just curious to see if any one has any feedback on Mr. Casey Denman's course on his "Tax Sale Academy" website? Is it worthwhile? https://taxsaleacademy.com/Thanks
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Hey Folks, I'm sure the answer varies by market and experience, but I wanted to see what advice some of you may have when considering professional management and STR. Here is the situation: I am purchasing a 2BR/2BA c...
At what point is it determined, in the eyes of the IRS, how to tax a flip? For example, if we buy a property with or without the intent of renting it out, and after rehab we place a tenant in the unit, can we sell it ...