Big moment for me is gaining funding from a private lender... holding a legal company, documents are in order and I’m finding property to buy... gaining that investment is the next step
Hello BP,I'm negotiating on a quad right now. The company I invest in the stock market with offered me a LOC utilizing my portfolio as backing with a 2.5% variable rate, no fees. They told me that while the interest i...
A friend just told me he is getting a divorce, and they have owned their home for less than 2 years. (February 2016 purchase date.)How does divorce affect Capital Gains on this purchase? After one year, it's long term...
Hi, I've never posted on BP before, but have been an avid reader and know there are a lot of smart people on the site who may be able to help me with a tax question. I was unable to find this scenario, but if someone...
I have searched for a while before posing this question, but couldn't find exactly what I was looking for.I recently put my latest flipping project under contract and have been going back and forth on whether to keep ...
Hi guys and gals,In the next month or so I'll be selling 2 flip properties- a single family and a 4 unit. I plan on opening a solo 401K to defer some taxes, but as I understand, annual contributions are capped at $50K...
Any advice, suggestions, or strategies on this scenario would be greatly appreciated: My husband and I are purchasing a single family home at auction (we have done our due diligence) as a first investment property. Of...
Hi folks - newer to BP but a young striving REI, I’m looking into an option for capital to start my REI journey. bottom line: grandma moved into senior facility. My dad and his brother are looking to sell her home.sit...
I have a few single family rental properties. At some point I was hoping to move some or all of them into apartment complexes via a 1031 exchange. My question is, at what point is it not worth it to bother with settin...
Hi, need some help. My wife and I just sold an investment property we owned. We were not aware that discussions for a 1031 exchange was supposed to happen prior to closing on the property. This said the earnings fr...