First I want to thank everybody on this board for all the knowledge shared every day, as it has been a big help thus far. I spend more time lurking on BP than contributing, which is something I plan to change.

I sor...

Hello,I am based out of Chicago.  Was hoping to get a few thoughts on what would be a fair agreement for a possible deal with a partner.  We'e already began discussing and seems like it will be happening soon.  The pl...

Investment Info:

Small multi-family (2-4 units) other investment in Phoenix.

Purchase price: $58,000

Cash invested: $30,000

Sale price: $800,000

New construction 4 plex, 2 bed 1 bath with private...

Hi BP,

Need clarification - for a flip project - is the carrying costs and cost of resale included in the "Repairs Costs" deducted in The 70% Rule?

:) Thanks!

Hi all!Flipping houses can be profitable, but it's essential to understand the tax implications:1. Ordinary Income: Profits from flips are typically considered ordinary income, not capital gains.2. Self-Employment Tax...

Here’s a house me and a partner found through someone we personally know but it just seems like a far stretch. Wanted to get some 2nd opinions

Asking price 199k, ARV ~250k, rehab of 25k, What should my target purchase price be?

If I bought a home under market value and wanted to sell it shortly after purchase, how long must I wait? I understand the 2 years of occupancy hit to capital gains and there is enough equity to make it worth the sell...

Right now, the market is experiencing little inventory, which makes it a seller’s market. In the event of you wanting to sell your home, it is important to know what tax deductions will get you the most out of your sa...

Question for the 1031 QI’s and the CPA’s. We bought a STR in the Smokies in September 2022 using 1031 proceeds from sale of a LTR we owned for 2 years. It is draining me and we need to get rid of it. Our intent was ...