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Hey All,
Hope this note finds you healthy.
I own a quad that I purchased few years ago. If were to sell it I would walk from closing with a $140K check, of which $75K is the return of my down payment - so netting $6...
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Can unused passive losses carried forward from prior tax years be used against active income in the current tax year, if the taxpayer has qualified per IRS rules to become a "Real Estate Professional" in the current t...
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I'm currently under contract to sell my first rental property. I have a question on the escrow in regards to my taxes and insurance. Closing is scheduled for 1 May 2019. My insurance was paid out on 4/15 in the amount...
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Hello BP,I have about 200k in equity on my primary residence. Wanted to see some peoples opinions on how I can use that equity to invest in real estate HELOC, Cash out refinance ect. Looking to either flip or purchase...
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I have a client who has owned about 7 acres of land for the past 30 years. There is a home on the land however most of the land has been deemed wetlands and completely unusable. Through out ownership taxes have been m...
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Hello BP Friends!Last year was my first year doing the BRRR model but our deals weren't refinanced and won't be until 2021.Our model was to find private money to fund 100% of the purchase, rehab, closing costs, etc......
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So I bought 2 tax liens at the county sake. 2 useless unusable lots in a subdivision that are currently builder owned. The address was listed on the tax sale property list, and being new too this, I thought that the a...
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With more and more people looking for every opportunity to make money, some condo owners are discovering new and creative ways to earn extra cash. Condo.com outlines five of the most popular methods used:
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Question for the landlords and property managers out there. If a tenant offered to pay all 12 months of rent upfront on a 12 month lease. 1) Would you take it?2) Would you offer a discount for this upfront payment? If...
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Hello BP community,I have the following deal which I could use some advice on. Seller is selling a 5 bed, 2 bath, 1400SF house for $489,000. It is being sold with an empty lot of land next to it, which is listed for $...