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Results (8977)
MIke Williams Tax question (sell from an LLC or quit claim sell as an indiv)
10 October 2018 | 14 replies

Hi my business partner and I have a 2 family in OH.

Having a devil of a time getting a cash out refi because the post rehab value is only about $75k.

Decided to go another route ...
My thoughts are to withdraw from ...

Therese V. Creative Financing or Dumb Idea?
15 February 2015 | 22 replies

So, I always get those "checks" in the mail from the Credit Card company for 0% financing for 12 months. I'm trying to find a way to use them to help lower my amount in a property akin to using OPM.Basically, I will c...

Shar Day 6th day and Tenant hasn't paid yet !?!
12 May 2015 | 16 replies

Today is the 6th day of the month, and I have a renter that haven't paid yet. New tenant (Jan 2015). For the last few months the rent has been deposited into a bank account.I texted and emailed a notice last night, in...

Julie L. Sell or Hold in Oakland, CA
7 July 2016 | 9 replies

Hello, I am new to BP and have been listening to podcasts, going through forums and posts. What a great site to connect us REI's and tons of useful information that already has been put in motion. I have started worki...

Account Closed How do I calculate my capital gain?
5 October 2018 | 13 replies

I’m closing on the sale of a duplex on Friday, and I’m trying to figure out how much I will need to set aside for capital gains taxes. How do I figure out my cost basis? What expenses raise my cost basis? For example ...

Joel Mora Tenant Can't Pay Early Termination Fee
16 July 2024 | 15 replies

I have a house in Seagoville, and my tenant let me know on July 6 that they need to move out on July 20th. The reason she mentioned is that her grandmother in another state is sick with cancer, having a surgery, and s...

Ryan F. Reverse 1031 exchange and mortgages
13 September 2017 | 2 replies

I am doing a reverse 1031 exchange. I have already purchased the replacement property, and it is in the name of the qualified intermediary. Purchase price was 105k. It has a private mortgage on it of 100k. Mortgage i...

Drew Kimminau Partnership Income and Expense (As an agent)
15 September 2017 | 2 replies

Hi everyone, so I have a partnership question. For the background information, I am in a partnership with my parents for buy and hold investment properties. I just recently got my sales agent licence because I want to...

Mark Forest Is sewer fix a repair
28 November 2017 | 4 replies

Is the $3600 I just spent to fix a broken sewer pipe a repair to expense all this year or a capital outlay to be depreciated?  This cost includes snaking, excavating pipe, and repairs to pipe. I would think it's an ex...

Kole Kingslien Refinancing out of a Land Contract
19 March 2018 | 2 replies

Hi Everyone,I have a question about current deal I am working on. I am buying a property on Land Contract, and am buying it with equity. My plan is to buy the property on Land Contract, and then refinance out as soon ...