Account Closed
What happens if you refinance and then sell?
If you refinance a property and then sell it, Who pays the interests for refinancing? You or the new owner?
Mike Stadel
Are you licensed is it necessary
So I went to my accountant to ask how I would be taxed when I finish my first flip and he went off on a tangent and is telling me I should be licensed to flip houses. So that brings me to my questions...
How many of ...
Sheryl Gurvey
Buying rental within Solo 401k vs. taking loan from Solo 401k
I have been going over this in my head for weeks and I just need some feedback.Which option is better, buying a rental property directly within my Solo 401k (with the intention of refinancing non-recourse down the roa...
Gerardo Lewis
Costs needed to keep in mind for a flip
So I'm working on my first flip right now and I want to be sure I am taken into account all the costs I should keep in mind.1st Loan amount2nd rehab cost3rd holding cost4th selling costis there anything I'm missing?
Tom Price
Tax Deductions for Flips
Very basic question that I’m sure is answered here a million times. On a flip, as far as writing off business expenses go for tax purposes, are you able to write off the purchase price, interest, closing costs, rehab ...
Account Closed
Question about 70% rule
I'm new to real estate investing and just starting out and looking to start my business in about 3-6 months. I did a example deal and used a property that is $91,250. the house already been fixed up so I used the form...
Sherrie P.
Buying rental property with money borrowed against stocks
Has anyone ever borrowed money through a bank using your stocks and bonds as collateral?
We could sell the stocks and pay cash for the property, but we would have to pay at least 15% cap. gains.
We woul...
Justin S.
Rehab ARV Estimate
I'm really hoping there is a simple answer for this.
In Greater Phoenix, there are three levels of comps: Traditional Sales, REO's and Preforeclosures (Short Sales). Here are average comps in do...
Wendell De Guzman
Can You Fix-n-Flip a Fannie Mae Homepath Property?
I have a question for you smart ones of Biggerpockets.Fannie Mae has this program called Homepath.They're selling CHEAP but the main issue is they impose a DEED RESTRICTION so much so that you are NOT ALLOWED to sell ...
Alex L.
Advice: Should I Sell or Rent
History: We are 6 years into renting our first home, it has gone well and we are comfortable renting and what comes along with that. We are now moving from our current home(call it the 2nd home for purposes of this co...