To make a long story short, a friend of mine's family has received interest in their farmland from developers. If they are to sell the land, they would come into some money that they had previously not had access to. ...
Hello,My partner and I want to get started on rental properties (~$200k, out of state, multi-family), but are also looking to buy our home in the next year or so ($800k+) in SoCal.What kind of impact will having a ren...
Look at Buncombe County in Western North Carolina, where Asheville is in the center. Almost every offer is going to multiple offers, Practically at list price, hardly ever any due dilligence negotiations, all the lo...
Hey y’all,
Bought this place in central Florida (Oviedo) just over a year ago renovated it nicely, it hadn’t had anything done to it since 1984. Looks great.
However I’m looking to possibly sell it now, the markets ...
I'm negotiating a land contract for a 10 unit apartment building. The seller is concerned about taxes so we may structure multiple balloon payments over a 5 year period.
However, if he went an obtained a commercial ...
Hello everyone!! Needing some advice from LLC owners. I currently own two SFH that are rented. I’m in the process of selling one right now and keeping the other one. The house I’m keeping is rented and it’s worth abou...
Hey everyone-
I signed a term sheet and app with a private lender. Then they ran my credit, which is in the high 700s. We are rolling! But the next morning the broker shoots me an email. It reads
"I am really sorr...
Hello All!In an effort to save time and be more efficient with sourcing financing, I will lean on the bigger pockets community.My fiance and I are seeking to line up financing for buying our first investment propertie...
Hi Everyone!
Me and a partner doing a fix and flip together, we established our roles and agreement. Since this our first one, before starting a LLC together we want to complete this first one to see how things go be...
If you flip a house with in a year and incur a tax rate, “ordinary income”then does all of your other income from your rentals “long term income”get taxed at the same rate as ordinary income? Or do you have to have al...