Have you ever identified more than three replacement properties in a 1031 tax exchange?
We’re almost halfway through 2024, and the housing market is at a standstill. Mortgage rates are high, inventory is low, buyers have fewer choices, and many homeowners refuse to put their properties up for sale. But c...
I am a foreign investor that bought a couple of lots in Los Angeles tax sale in a structure that was meant for development and long term hold. One lot was in my name and the other was in my pension name. However I now...
So Im looking at a forclosure property, but the listing says DOJ ROR on it. Because of this, the listing was cash only as the financing from a previous offer had fallen through. Appearly banks do not want to mortage o...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $160,000
Cash invested: $300,000
I ended up saving this flip for myself. My family and I now live in the home, tha...
What are current cap rates in the area? Specifically, Class C in Federal Hill
Hi My name is Tony and I'm just starting out in wholesaling...I had a few questions *1-After I get a contract signed by the seller then the investor what do I do? just wait for closing? *2- I'am I supposed to have my...
I've read that you can file real estate partnerships without actually filing a 1065."The IRS and the courts have stated that mere co-ownership, rental, and maintenance of real property does not create a partnership fo...
Hey BP Fam,
I just got off the phone with my CPA and it sound like me and my wife's effective tax rate will be upwards of 23%!! When I first started in real estate last, everyone made it sound like an incredible tax ...
Hi, I placed a bid on a shortsale. The mortgage is by TFC. My agent told me this bank does not give a dime for relocation. I feel bad for the seller for she was expecting $10,000 to move out. Well, I also feel ba...