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Hello BP flippers and rehabbers,
I am trying to work out some details for my grand entrance into becoming a flipper.
Here is my tenative strategy:
Buy a distressed REO. -In Twin cities Minnesota, 4bd 2ba.
Use a FH...
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Hi BP Gurus,It appears that when investing with a respected turnkey company, they attempt to sell directly to you. Their sales people are effectively serving as the real-estate agent, which creates some mis-aligned i...
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Hi Forum,I have a complicated tax situation and am looking for general guidance or a referral to a real estate accountant in California who can help answer.Facts:The property is a California residence appraised at $3M...
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Hello Biggerpockets community, I am newbie in Real Estate. I just bought a house (in California) under my name using traditional bank loan (so no LLC or Corp). My thought process is that I will fix-up the house. If th...
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Hello everyone!
I'm looking for advice on the tax implications that come with transferring title from an individual into a LLC with 3 members. A couple days ago I purchased a multifamily up in northern California and...
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So I had a number of questions go through my head and haven’t found the right person to explain this if anyone could help me out. I have a rental property that I am the owner of and was wondering what is the best stra...
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Hi everyone. We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct again...
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Hi, guys, the tenant who rented my house left without clearing the fridge. Now all the foods left inside got rotten and they smell horrible. I don't want to leave them in the trash can waiting for the collection as ...
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I have a property in my personal name that I plan to rent annually. I created an LLC to collect rent and manage any expenses related to the property. My accountant told me that I needed to move the property into the...
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I have a question for the group. I have purchased many houses at the courthouse auction here in NC but obviously avoid the foreclosures by the HOA. But this particular house being foreclosed on by the HOA has no mortg...