If I buy and sell houses(flip) as a full time job, do I pay capital gains taxes? I read somewhere if it can be proven as a full time commitment and its the only source of income I make, the capital gains taxes are inc...
So here is my $64,000 story:December 2013 my phone rang, it was a former co-worker who had fallen on hard times. He called me and asked, “are you still buying houses”? I told him yes I was, if the circumstances were r...
Hello everybody,I'm thinking to follow through with a deal in Houston (zip code 77449). Since I don't know much about the area, I hope you guys can give me some information on this area. Do you think if this is a good...
Im a young investor - relatively new to the game. I have built up to acquire a 16 unit apt complex worth roughly a million. Here are the numbers
Gross rents - 13200/month 158,400 /yr
Operating costs avg range-82-88...
I know we're all read about the 1% when it comes to real estate investing. For those who don't know what it means, it goes like this - A property that costs $100,000 should rent for at least $1,000 per monthA propert...
Hi BP, Based in CA and gearing up for my first BRRRR (remotely). I'm in the process of choosing a market to focus on and wanted input on strong BRRRR markets right now. Looking for your suggestions.
I'm aiming for ...
Hello fellow BP members, I am looking to use a turnkey company to help me rehab and manage property. I am full-time software engineer and investor. My job is 100% work from home and requires little interaction using p...
I just wanted to say THANK YOU BP! If it weren't for this forum I would not be attending this course "How To Make Money Wholesaling Bank Owned Properties!" given by a local Real Estate investors group. This board i...
Sell the house or keep it as a rental?
Curious to get the group's thoughts.
We are moving and have already got another house. We were going to sell our current primary residence, but are having a hard time doing it...