Dan Graney
Buying Agent and Selling Agent
I am trying to decide between two good buying agents that I have worked with in the past. I saw a property that I wanted to walk thru so I just contacted the listing agent to take me thru it. Since they are a selling ...
James Park
To 1031 Exchange or Not to 1031 Exchange Tax Question
I wanted open this questions to @Brandon Hall or other BP investors who have experience with 1031 exchange.Suppose that i have a property in Chicago that i purchased for $400,000. Over the years, I have taken a deprec...
Heath M.
Waited 2 hrs for a no show (terminix bug appointment)
Re-learned that valuable lesson tonight...No good deed goes unpunished! LOLI was leaving my W2 job and a young guy was on the side of the road so I stop, turns out it was a Terminix guy that was selling services and ...
John Teachout
Tax treatment of cheap house sale that was never rented.
We purchased a fixer up house a year or two ago that we decided we didn't want to fix. We bought it cheap and sold it cheap. The sales contract price is $10,000. We probably have $7,000-$8000 in it and essentially jus...
Justin Cooke
Double Declining Balance Depreciation on New Construction
Tax experts please help...I'm reading the book, Principles of Real Estate Syndication by Samuel Freshman.From book "There are certain tax advantages allowable with respect to new construction of residential income pro...
Jason V.
Section 121 gains exclusion reported on what IRS forms if home was rental for 2 yrs??
It's my understanding that if there's a "partial exclusion", I'd use a Form 8949 with Code H...And if it's "fully excluded" and there's no 1099-S issued (which I indeed received no 1099-S), then I'd simply not mention...
Kevin Schick
Reporting Hard Money Income
Hypothetical scenerio: Lend someone $20K which they use to purchase/rehab/sell property. Deal is I get 20% of their profit. I am not listed on property deed. They clear $10K, so I now have $2,000 income.
If I hav...
Sarah Noel Block
Landlord Responsibility Automations?
Looking to hear from current landlords:Would you be interested in someone who would set-up automations for you like rental collection, maintenance requests, ads, showing scheduling, tenant onboarding?It wouldn't be an...
Roderick Lovo
Confused, Please Help (High School Student)
Hi everyone, I have a question about how stock profit works.
Lets just say i invest in google for 1,000$. Would i get profit by the month, year, or is it something different from that?
Dan Costantino
Marketing a flip/rehab before you're done
I've heard from many that you should put the FOR SALE sign in the yard before your rehab is complete. I've also heard (and it makes sense) that you should complete the Exterior first to gain the curb appeal to genera...