Joe Sadusky
Tax question for off market sale (wholesale)
Hey Guys! I have a tax related question for an off-market deal that I am about to get under contract. Quick rundown of the situation:Client is living in a property that was purchased by his sister in 2002. She bought...
Carmelo Pollicina
Changing deed from LLC to personal back to LLC to get financing
Duplex in Delaware currently in an LLC, but the owner of the LLC is a holding company. My wife and I are the only members of the holding company. We want to refinance in our own names, then transfer it back to the cur...
Peter G.
Sale of Investment Property - Taxes
I am currently going over my potential tax deductions for 2018 and I have the following question. Does my expenses on the sale of an investment property in the settlements document goes into Schedule E or do I redu...
Brian Ramp
Investor question about Wholesalers
Hey there fellow investors. My partner and I are just a few projects into our career, so I would say we are still relative newbies. We have gone under contract to be assigned a project from a wholesaler for the firs...
Wesley Mullen
Our First Investment Property - One year later
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $125,000
Cash invested: $32,100
We started self-educating about REI in Dec 2020 and by Jan 2021, stumbled upon a fr...
Joseph Bafia
2nd Property Purchased in Mars Hill, NC
Investment Info:
Single-family residence buy & hold investment in Mars Hill.
Purchase price: $86,000
Cash invested: $16,000
2nd property purchased in Mars Hill.
2/1
Could be STR or LTR
Currentl...
Steve Kirsch
is it advisable to have insurance on the mortgage of a loan?
Hello BP family. Any thoughts on obtaining mortgage loan insurance? not property insurance, but insurance that would cover the balance of the loan in case you lose your life and you do not want your family to incur th...
Dan W.
Taxes On A New LLC With No Revenue?
I started an LLC in 2021, purchased a distressed house and am rehabbing it. I haven't sold it, so no revenue is coming, just a bunch of money going from personal to LLC, then out of LLC to the house. Do I need to file...
Jan Paikin
Lease to own, “subletting” a STR
Hi team Pockets,We are in early discussion with a Seller to do a lease-to-own Seller Financed deal on their 3-unit property. They want to stay in their unit for 5 years and we are ok with that. From a business forma...
Kenny Lau
Self directed IRA investing
Hello Bigger Pockets! I'm looking for some opinions from you. I have an unused 529 plan meant for my kid currently worth about 60k. My kid is 20yo now and decided a while ago that she didn't want to go to college. If...