Hello BP, recently I picked up a really cheap property here in Ridgeley Wv, right across the river from Cumberland Md. I plan on selling it once I get it cleaned out, since I don't have the capital to get it in rent c...

Hi BP! I'm hoping someone can shed some light on some general tax questions as it relates to fix and flips. I've read several posts and have spoken with a CPA, but I'm getting conflicting and spotty information. I'm v...

Hello, I am new to the bigger pockets forums as this is my first post!Me and my dad currently flip properties in the philadelphia/south jersey area. The handful of flips we have done in the past have all been long ter...

A bank I've been chatting with is offering me a condo on the 5th floor at Condo complex in Temple Hills Md. The market value is between 15k and 25k. They are offering it for it for 5k Plus all closing costs. The kicke...

I have a property that has a current market value of $112k, our principal is $58k. Would you always refinance so that you can use those funds to leverage another property?

I'm currently cash flowing $250/month after...

Good evening BP,Out of curiosity, how much should one save off of the cash flow that one could make off every unit? For example, say I bought a home and it cash flows $400 a month after all expenses. Am I free to spen...

1. It seems like taking advantage of depreciation and all of the tax benefits of real estate are lost if your income is >$150k, unless you are a "real estate professional", right?2. I've read a lot about legal enti...

I could be wrong because the US tax code is very confusing, but how much do certain expenses like property tax, or property management fees matter if you can write them off? Im not sure if there is some sort of cap, b...

Hello everyone,We have been searching the posts here on BP and still haven't really found a specific answer to our question.  How do you calculate tax on a  1031 Boot?  Here's our situation:   We sold one property and...

Hey everyone at BP,I am working on my first (non live-in Flip). As it stands now with rehab costs, holding costs, Closing costs, & paying the buyers agent, I will net out at $33,000. Since I am not flipping as an ...