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Hello BP!! I'm very excited about this post because I have come across a 3 unit building FSBO that would be a great addition to my rental portfolio. What I am stuck on right now is how to talk with the seller and ask...
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In a 1031 exchange context, does a capital contribution to an LLC qualify as a "sale"?
Here's the scenario. Collectively, like-minded Investors A through M want to combine property in a fractured ownership, multifam...
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My wife and I are remodeling a 1940s bungalow-style home in St Petersburg, and after several months of interior work, we need design help and drawings of the front exterior for our contractor to gain permits from the ...
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Hi everybody. This is a continuation of a thread I started last year about my neighbor screwing up my flip:https://www.biggerpockets.com/forums/67/topics/373...Well my flip is still on the market and I’ve had multitu...
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Hi everyone,
First, I want to say thanks for taking the time to read my post, and I appreciate any advice you can offer.
I currently own a townhouse that was purchased during the peak. We have lived in it as our pr...
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Hello
I am new to this website and am inquiring about information regarding the practice of house flipping (the legal way) and was wondering if any type of license is required to flip houses. Any information on this ...
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Seeking guidance on how best to exit a partnership mid-flip and the tax implications I should prepare for.Detail and timelineI bought a duplex in January for cash - standard closing with the buyerIn May I let a partne...
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Investment Info:
Large multi-family (5+ units) other investment.
Purchase price: $300,000
Cash invested: $75,000
Live in fix and flip of a demolition house on a quarter acre in the path of progress i...
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I might be missing something but when I do calculations for potential flips, such as 70/30. The numbers work, but when I take into account taxes I would have to pay on my gross profit (purchase price - sale price) it ...
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Hello, We held a rental property in an LLC ( TX prop and TX LLC) for approx 4 years and now selling it. When we sell the property, how do we know the capital gains for the property. The LLC comprises of multiple pa...