Hi! I really need your help to understand this issue. "Under the Foreign Investment Real Property Tax Act (FIRPTA), when a US non-resident sells real property, 10% of the gross sale price will be withheld for the IRS ...
Hello all, I'm in process of setting up my entity structure, I'll have a holding company LLC and then two property LLCs with one property in each. I've got a checking account open for each al...
Hello!
My goal is to build a real estate portfolio. My first goal is to purchase an owner-occupied duplex/tri/quad. I am having difficulty locating properties that pass the 50% rule. Honestly I feel a little ...
My banker asked me to put together a P&L in order to qualify for a HELOC I am applying for on 3 of my rental properties to fund a flip. I am curious if anybody has prepared one of these and has a template to go of...
Hey Everyone!Excited to join this community and make my first post! I am interested in getting into the STR/VR market and am looking at several properties right now as a potential investment. I am building out a model...
STR Life- Remitting Tax
I got a good question for the BP fam. If you are a STR operator how do you deal with remitting and paying tax? Now, if you do not use a PMS and only have a few properties or only operate on A...
Good evening, I have an opportunity to purchase a 2 bedroom/2.5 bath townhouse. Prime location 10 minutes away from Disney in Orlando, in a resort that offers pool/clubhouse/gym/restaurant. The property was built in 2...
Hey guys- I've done two mobile flips now and both times the address of the mobile home park just pulls up the overall park information with the assessor. Total acreage, total RE taxes, number of pads, and the LLC that...
Hi Everyone,This is my first post on BP! I need your advice regarding a Fourplex Deal that I am presently analyzing the numbers. The plan would be buy and hold.Asking Price: $260,000Down payment: $10,000Cashflow: $3,3...
Hey bigger pockets! I have been an "investor-in-training" for almost a year now, which I am sure could just be a nice way to say that I have not pulled the trigger on buying real estate. Nonetheless, I have been liste...