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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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Has anybody invested in an opportunity zone or can tell me more about it? I’m under contract for a small duplex in an opportunity zone. My understanding is that you can sell assets and defer capital gaines taxes in an...
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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...