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...
I really want to get into wholesaling so that I can raise capital for rentals and rehabs. Plus just having another source of income.
I am currently trying to make contact with local investors to build up my investor ...
Just closed on my second Fix and Flip property. This one is an all cash transaction that took 3 weeks from first walk-through to closing. It is an 800 Sq/Ft 2 BR 1BA that needs some work in Cuyahoga Falls, OH. I wi...
I need some help in figuring out whether to keep renting this house out or sell. Here are the numbers, if I left anything out or you want more information let me know:Single-family homeOriginal Mortgage = $114,500 VA...
Can lenders withhold sharing a copy of the appraisal? So if I am the one that pays for the appraisal why should a Lender give me a hard time about turning over the appraisal to me? Is this common practice among lender...
Hello B.P. community!I am approaching my closing date within the month. Just to give you some background, I am moving into my first investment property in Cumberland, Rhode Island from Massachusetts. I will be living ...
Hi All,This is my first official post. I've been researching & learning amazing things on BP. <3 The podcast. Thank you so much to everyone that gives back the wisdom that you've been imparted with. I would lo...
Hi All,So I have a cabin in the smokies on both Airbnb and VRBO. I have so far had about 30 bookings and every single one has been from airbnb. Not a single one from VRBO despite the fact that the VRBO prices are sig...
As I have posted previously, I typical look for properties to buy and hold (rent). Seems the South Florida market is so heated I either face a bidding war the first day a property goes on the MLS, or I end up gett...
Hi guys. Found the forum through google, seems like a place I can learn from.
I've been reading this forum forever, and find myself more confused than when I started. Ugh.
Anyway, I need help on understanding taxes re...