Steve Davis
Do I need to set up a new corporation for each rental property?
Hello Bigger Pockets, I buy, build, and sell houses through my current corporation that we will call ‘buy&flipincorporated’. ‘Buy&flipincorporated’ only performs flips and owns zero rental properties. I am cl...
Donell Cummings
Equity
When looking at a house to rehab, how do you find the the EQUITY in the house?
Grant Cardone
Grant Cardone joins Bigger Pockets
Hi, my name is Grant Cardone.
I am the CEO of Cardone Capital, international speaker, entrepreneur, author of The 10X Rule and creator of 21 best-selling business programs, and I own/operate seven privately held com...
Steve Shaffer
1031 single tax-payer question
Hello fellow nerds! I'm trading up into a 15-unit and selling a single family and a 4-plex to help fund the purchase. I'm using a 1031 and all three properties are held in different entities with separate EIN's. I ...
Linda Garcia
Sell now or work with developer
Sell vs Develop land. Does anyone here know how to make an educated decision on whether to sell a highly appreciated property or go into a partnership with a developer. The sell now price is substantially higher th...
Sophia Wang
Best way to structure a deal in Self Directed IRA (Roth)
Scenario: I own a land parcel in my self directed Roth IRA (let's say valued at $50k), and have a small amount of additional funds ($25k) in the Roth account. We plan to build a home and sell (construction budget $250...
Account Closed
For sale by owner question!
Hey!
Just drove by a home with a for sale by owner sign and I’m wanting to do my first deal. What do you recommend as far as acquiring the property? Which method? It’s an early 1900-1950 home that will surely need s...
Paul Khazansky
Time horizon for holding a rehabbed property
I've been thinking quite a bit about the issue of appropriate time horizon for holding a rehabbed multi-family property. The idea is to buy a property and rehab it, which make take anywhere from 6 to 12 months. Short...
Account Closed
Terminal Illness and Liquidating assets, Tax breaks?
Hi everyone,This is sort of an odd topic (and I’m not even sure this is even a possibility) but I have been conversing with an older gentleman who is terminally ill and believes he has 5-10 years left. He has 6 duplex...
Brett Loetz
Will I pay ordinary income or long term capital gains?
We are selling a property we have purchased in Nov. 2018, and are scheduled to close on May 8th.We did a rehab on it, used the brrrr strategy and rented it out from June to January to a short term insurance deal that ...