I have had a long-term wholesaling relationship with my strongest buyer, selling him twenty or so houses. He had approached me about his getting "out of the process" and having me help him acquire deals of other whole...
;Hi guys,A house that we owned for over 40 years (original price 80k) now is worth 3.5m....we wanna sell and buy in a neighborhood close by.... But we found out that we will get taxed 32% capital gains on the sale. Th...
Are the draws I take for rehab on my properties considered other income on my P&L statement or are they not included at all? My reason for asking is because all my expenses (subs, material, interest, and utilites...
Hi BP friends,
I desperately need your help. After learning about tax sales and doing due diligence I found two properties I want to buy at an online auction a week from now.
1. On the 1st property (vacant land, ra...
Hi Everyone,I'm hoping someone can help me clarify this question;I own several rentals in Denver (free and clear). I want to pull some cash out and buy more rentals,(seems to make sense at these historically low rate...
I am thinking about doing a 1031 exchange and I have a few questions...
First, can it be legally done without a real estate agent to save money? And how?
Second, can it involve my home that has an owner carry back ...
Can you use a Solo 401K to purchase a flip property as long as it is paid back? I saw the max loan was $50K but that was for a loan and was unsure if you can use all the money available to purchase a property? I am s...
Tenant move out in the middle of eviction process and we are unable to serve him.Any suggestions on how to proceed with money judgement as we cannot locate him to serve him ? ( Des Moines , IA )
Thanks in advance for the help!Here is my situation: Purchased redemption rights & quitclaim deed from the owner of property coming up for auction. The property is worth more than what is currently owed. If the au...
I need to use the proceeds of a 1031 sale and I am looking at online properties. However, I would need to make the payment to a title company even though I buy it on an auction site. Are there any recommended site whe...