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Hello BP, I purchased my first flip back on 7/31/19 and we closed it on 10/31/19. We used a hard money lender for the purchase and they sold the loan to another company shortly thereafter we purchased. I signed all of...
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Investment Info:
Single-family residence fix & flip investment in Ellijay.
Purchase price: $69,500
Cash invested: $110,000
Sale price: $130,000
I also received a 3/2 house in town that I rent...
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I have recently come across a situation in which someone sold their investment property and didn't follow all of the 1031 exchange procedures completely ( they received the funds directly after selling their investmen...
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A friend and I both provided half of the capital for a hard money loan used to flip a house. He is a real estate agent and got to list the property as part of the deal. In addition to the interest income I received ...
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We’ve been renting out my property in the Catskills for the past 6 months. I’ve subsequently purchased another property(hoping ready by March), but we will also be managing 2 other airbnb properties(we do not own them...
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I tried listing my house for sale FSBO on Zillow 2 days ago and haven't received their automated verification call that was supposed to come within a few minutes. Today I tried posting the ad again, and got the same ...
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I am FINALLY closing on my first rental property (3 unit) this Friday! However, back in late January when I had my inspection I learned from the current tenant that she and her family were month to month and said they...
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In april 2009 a LLC Partnership was formed (50/50) between two siblings. The Partnership was dissolved June 20, 2011 with one partner (myself)selling their membership interest/share in property to the other. The rem...
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Hi,I have a house in Denver that I have owned and lived in for the last 27+ of 30 years. I now have a renter in there who may be interested in purchasing the house from me with likely owner financing. My 250K tax bene...
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Good afternoon all!Before I do my taxes, I have a unit in which one of the tenants (a college student, parent paying) prepaid their rent for the first 6 months of 2016 in late December. Should I claim the income based...