What are the tax implications for the seller of a seller financed property in which the seller purchased, remodeled and sold it on terms?Hypothetical transaction with easy numbers:1) Seller acquires property for $100K...
I'm curious what you would do in this situation. I have a tenant with a lease that converts to a month to month on July 1st. For the last 12 months, the tenant has paid on time 9 times. They have paid late fe...
Hello Bigger Pockets Community,
I know that it is most preferable to buy a property with cash for the best result in BRRRR. But I was wondering if anyone has found success doing the BRRRR method with a financing opti...
Hello BP investors. What's the best way to learn a market (other than the MLS, which I don't have access to)? What websites and tools do you use to learn about average listing prices, sale prices, and rents? Do you...
I'm looking at a 5 unit building and at first glance the property looks like it has good potential. It's in need of updating and all the units are under rented. I want to run preliminary numbers in its current state...
Hi BP,I'm in the process of purchasing with cash my first rental property and am planning to use the Brrrr method. Some of the dots I am trying to connect for my analysis are how the refinance step impacts the deprec...
Hello Biggerpockets Community. I am at the tail end of financing a duplex, but there are no comparables. I have already had one appraiser accept the assignment and then back out 2 weeks later. A new appraiser has been...
Hello, allow me to explain. My mother owns a beautiful home in San Diego, CA free and clear. She purchased it in 1998 for $65k and the house is now worth just about 850k. But there is a lien on the house and it turns ...
After watching many videos, driving for dollars, learning PropStream, gaining access to off market properties on the MLS, talking to local agents in my area, trying to figure out if Jerry Norton is actually a vaild so...
I am getting ready to syndicate my first deal. I am offering my handful of investors an 8% preferred return and a 60/40 split thereafter. The deal will yield a 15% annual cash on cash return and I expect to hold it fo...