Cameron Riley
My mother bought a home to resell. Does she pay taxes on sale?
My mother owns a property and wants me to help her sell it and get paid for itWill she have to pay capital gains if she takes that money and re-invests it?She plans on making 50k and purring that 50k into a NEW barn..
Brian G.
Purchased a house at a discount. I want to resell to end buyer
Recently purchased a home at a discount. I want to clean it up and sell to an end buyer needing a mortgage for a greater amount than I purchased it. The new purchase price for the end buyer will be in line with the cu...
Sam Tright
Reselling a mobile home on terms, how much power does the park have
Do mobile home park managers have a say in whether we can resell a home on terms?I think the answer is no, they can only control whether we're allowed to hold and rent the unit (over and above their own lot rent) to a...
Ricardo Rodriguez
What's the Best Bathroom Resell Value Config., a 3/2 or 3/2.5?
Hello Pro BPers! This is my 1st Pro Post, so here goes :DWhat's the best retail resell value play for the Bathroom scenario below? (A) An upgraded large 3/2, or (B) Keep the existing 3/2.5 where both baths are...
Lucy Iburg
Purchased a house in the IRS auction and now I can’t resell it
I just sold a duplex that I purchased in an IRS auction and the title company’s underwriters are refusing to give title insurance to the new buyer, they are saying that the IRS did not follow foreclosure notificatio...
Blue Presley
Should I overpay for a property I can't resell but gets 13% ROI?
I wanted to get some advice on the following opportunity.I have an opportunity to purchase a condo in a good location and whose complex overall has had a historical vacancy rate of about 5%.Single family homes in my a...
Beth D.
Would you buy a property you likely won’t be able to resell later?
Newbie here.We’re looking at a property that has potential to be either a STR or LTR. It’s been unable to sell because the original house was a single wide in the 70s that was then added on to.This makes financing eit...
Julian T.
Exit strategies for turnkey properties
Hello, I am considering purchasing turnkey rentals from reputed companies like MemphisInvest (Memphis) or Profitfromrentals (Chicago), however I still do not see or understand what exit strategies they offer in case ...
Tom Medwin
Title Co Wants to See....
A written statement from the lender that they know I am reselling the property for profit. I always try to use my title co for double closings. However in this case the end buyer's sister owns a title company. On t...
Ian McCook
Contract to sell a property prior to closing
New to Biggerpockets, but it looks like a great website. I need some advice. I have a property under contract to purchase in Florida (ie, equitable title). I have a buyer that is interesting in purchasing the home....