Hi. I’m in the middle of my first real estate investment which is a new construction build of a one family home. From what I understand, I can sell the property and reinvest the proceeds into a new property without pa...
Hello! I am in discussions with a seller and I’m pitching seller financing. The seller wants $1.8M and they own outright, for decades. It’s in southern Maine. What tax benefits can I spell out for them? They’ll lose a...
Hello,
I'm curious to know if I would be able to rent a seller financed home?
I could potentially come up in a good deal but I want to make sure my 3 year exit plan is legal and possible. After 3 years I want to ren...
So I found a place that isn't far away from my job got hold of the guy and said I wanted two bedrooms an asked if I can move in January at end of the month he questioned y and I figured it be easier? I was wondering i...
Hello,
Here shortly I intend to transition from SFH's into a more passive role with syndications. I'm looking for a CPA that can help me understand what to expect regarding taxes when I sell my SFH as well as in the...
I am currently in search of an accountant that has experience with clients in Real Estate. We have been virtual wholesaling since April 2020 in different parts of the country but our company is based in Willingboro, N...
I am having difficulty finding an answer to this question... If I wholesale a property (true wholesale where I never gain possession, but do get the assignment fee), does the income count as a capital gain that I coul...
I currently have two properties (and plan to grow) and my attorney advised against me opening and moving my properties under a LLC, as I financed the properties under my name and I'm told mortgage lenders frown upon t...
Hey Everyone!
I’ve been listening to Bigger Pockets for a while now, but first time poster!
I was hoping to get some general insight into pros and cons of a decision I’ve been weighing. I currently have a long term...
I just got this e-mail from the Mid-America chapter of the National REIA. Can anyone confirm if this is true? If it is true, this is something that goes beyond mere political debate as it would more than double our ...