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My friend and I are planning to buy an investment property (My second his first). It would be his primary residence so most likely a duplex or triplex house hack. We are running into a roadblock of him getting approve...
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I was doing a research for a customer and realized Bp community can also benefit from this. I personally believe, Qualified Opportunity zones almost as effective as 1031 exchange. Trying to keep this simple and just ...
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We are just finalizing our investment property loan and planning on jumping into the str game. We are interested in a few different national/state parks and ski towns and are trying to narrow it down. Someone recommen...
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Hey BP Community,Long story short... before BP I received some "bad" counsel from a CPA to put our properties in an S-Corp instead of an LLC (properties are in Sacramento California if that matters).Fast forward 5 yea...
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Some of the gurus like to talk about the different stages in the real estate cycle. One of them uses the following terms: Formation, Concentration, Momentum & Stabilization.
Formation is at the low end where it ...
Hello, I have a good friend who just moved out of a duplex house that he lived in for 5 years. He wants to rent it out and I approached him about me buying into the property with him to form a 50/50 partnership. The i...
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Hi all,I've been all over these forum posts trying to find this answer and I keep going back and forth on whether it can or can't be done, so decided to reach out to some of you experts here.I'm trying to figure out i...
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Investment Info:
Single-family residence wholesale investment.
Purchase price: $100,000
Sale price: $147,000
Contributors:
Peter Vekselman
Partner Driven and Debra Cottom teamed up to...
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Hey everyone! I'm a CPA in the Pittsburgh, PA area working for a mid-size accounting firm. One of our main industries is of course real estate (personal investing, real estate development companies, as well as constru...
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I sold 1/2 interest of a ski in/ski out condo (rental property) to a friend of mine who was the other 1/2 owner. We bought the investment property in 1999. My wife and I sold it Jan of 2016. When utilizing turbo ta...