We are planning to transfer an investment property into an LLP at our cost basis. Are we required to file a 1099-S for our contribution of the real estate to the LLP? Given we are transfering into the LLP at cost bas...
I had the opportunity to go to the monthly Knoxville REIA last week and simply wanted to post on Bigger Pockets what a fantastic meeting and group this is. The REIA President, Victor Jerrnigan, is one of the most kno...
I recently filtered out a few markets I was interested in. I must say that it’s after a thorough Market Research that I turned away from them. Though it seems like I might have turned down an opportunity, it’s a ble...
Hey I was wondering if anyone has read Commercial Real Estate for Dummies and if it was a help at all.
I recall someone talking about sending multiple with different terms. Here's what I created in an attempt to get either a lower price or better payment terms with seller financing.Background: This is an internationa...
Hi everyone,
I'm currently pursuing a partnership with two other colleagues and have few questions as it relates to partnership agreements and forming an LLC.
1. Partner A and B will be providing the capital fo...
Bought a house (our first) we’re not happy with and plan to sell before 2 years of ownership. The market is hot so we might make a profit.
How do I calculate the actual capital gains profit?
When I calculate taxes...
Would you spend $15K on renovations to get a $305/mo. increase in rent?Let's assume that the renovations will cost $15K exactly and the rent increase is accurate.I have two condos on Oahu, Hawaii that have been produc...
Rent to Retirment (RTR) has very recently announced the RTR academy that investors can join for a one time payment to learn everything about investing. Additionally, the majority of the price is refunded if you invest...
I'm really curious about this...probably because I'm a professional photographer :)
Having seen so many properties online, in newspapers, and free magazines, I have to wonder about the quality (or lack) of the photo...