Tuee Chanthavong
First Mobile Home Flip, What to Avoid, Need Tips from Pros
Just picked up a Mobile Home in Denver suburb. 2/2 "full-gut" rehab. What should I avoid doing to this mobile home that I typically would do on a common SFH flip?A few thoughts:
It has wall paneling, can/should I rep...
Account Closed
Partnership with foreign national - tax issues
Hi all,
Thank you for reading my post. I'm considering forming a REI company with a good friend who is a foreign national.
I know a foreign national can be part of an LLC, but I don't have a clear picture of what ...
Daniel Taylor
Why would seller reject offers with FHA/Repair financing?
I'm scrolling through the MLS and came across a property with a description that says "Cash, hard money or Conventional only... no FHA or Repair loans." Why would a seller intentionally limit the types of offers he/sh...
Marsay Winder
BRRRR update - underwriting complications (new experience!!!)
I had a recent experience with a lender that baffled me and wanted to share. I purchased a 40K home that was being used as a college rental. Based on doing prior deals with the seller and his motivation to liquidate...
Kris Rudge
Advise for a possible 1031 exchange!
Hello BP! I haven't done a deal yet but I've analyzed a handful of properties. I was working on trying to get financing for a property and was talking to a coworker about real estate. He currently owns two properties....
Lisa Clouse
Turnkey Property Sinking
Hi everyone,I need help! I am looking for any suggestions on this topic. I am an out of state investor. I bought a turnkey property in St. Louis over a year ago. Did my due diligence, had an inspection. The property m...
J Adams
Development vs Construction
I am reading IRS Publication 925, "Passive Activity and At-Risk Rules". In Real property trades or businesses paragraph it lists development and construction as two separate trades. Scanning the forums, I do not see a...
Chad Hovermale
Why use an IRA?
Hi, BiggerPockets Community!I purchase buy and hold duplexes in Grand Rapids. We also have a drywall contracting business. We look for properties that we can improve by adding value using our construction trade cont...
Account Closed
NNN ground lease - 1st real restate investment
I am looking to invest in commercial real estate for the first time. I found a 25 year ground lease for a Taco Bell and Starbucks.
It is a 5% cap for Taco Bell and 5.75% for Starbucks.
What are tax incentives on a g...
Dave Versch
Ramifications of investing with a partner?
I'm considering investing with a partner. Here's the plan:Since we each own our own single proprietor LLC (let's call them LLCDave and LLCJoe), we are planning on creating a new LLC (123 Main LLC) for the purchase of...