Account Closed
S Corp - Are we doing this right?
Hi BP Community,Can you provide some guidance on the best way to purchase a rental property given the below scenario? Thanks!4 Partners planning to purchase rental property using conventional financing. Our lender has...
Aden Brust
Can you use a 1031 exchange to build a property?
Hey guys! I have a potential deal I’m about to go under contract on, there is just one hiccup. The seller is seller financing me the property with a balloon in 3 years if it appraises for the current purchase price in...
Yoshi Uem
Tax treatment for duplex selling
Hello, I live in one unit of duplex and rent the other for more than 2 years of last 5 years. Now I am thinking of selling it. Can anyone verify the tax treatment as of today that a gain from owner occupant unit is ap...
Paul Gomez
Need opinion on analysis of a SubTo/SellerFinance to Wrap desl
I have been running some numbers on a deal that utilizes a hybrid SubTo/Seller Finance deal into a wrap around mortgage. Please follow along and be brutally honest with feedback.
Property:
Motivated Seller Listing ...
John Duston
Bank Loan on Property bought on Installment
I am interested in buying a complex that the seller is willing to hold the note on or do an installment sale. Is there a way to get a loan to get my money back out while there is an installment sale of seller's note?
Jaime Navarro
Taxes implications for buyers and seller on finance deals!?
Taxes implications for buyers and seller on Seller finance deals!?I’m working on a seller finance deal and have some questions on Taxes.Seller: Family member Seller’s Purchase price in 2009: $180,000Property owned fre...
Kyle Mitchell
Personal Horror Story
Hi everyone,I need some advice on my personal residence (in California) and an issue I am going through. Long story as short as I can, I purchased this residence about 2 years ago with 4 other people. Each person ow...
Amna Malik
Percentage for a realtor
Hi! May I know if what percentage do you give to the realtor? Thanks!
John Maynard
Distressed Commercial Building with potential upside
There is a building in the center of the old downtown portion of my city that is for sale. I haven't looked at it yet, but it's 3 stories and about 5K sqft total. It's going to need a major rehab (I'm assuming electri...
Doug Block
Sale of Re-platted property - Tax question
Looking for some advice on how I should treat this situation when I file my taxes this year.I bought a piece of property a few years ago and replatted it and split it into 2 (not equal amounts). Lot A, the main lot, w...