First off, I apologize if this has been discussed in another thread but I couldn't find anything that addresses my particular situation.I am seeking advice about how to report the profits from a flip with a partner. ...
I am looking to purchase a 4 plex for about $210000 that makes about $3800/month in rent with little fix up. The trouble is the neighbors say the place has some drug dealers in it and I'm pretty sure I will have to k...
Hi guys, I am new here.
I haven't started investing in real estate yet, but I plan on doing so as soon as I turn 18. I was just wondering would I be marked as a 'dealer' by the IRS if I was to buy distressed propert...
Hi there, I'm new to investing and have found that I have an interest in mobile home investing. While researching this niche I read that most states at some point require you to obtain a dealer license in order to buy...
View report*This link comes directly from our calculators, based on information input by the member who posted.Hi BiggerPockets people. Looking for some advice. I bought this house last year fixed it...
I'm beginning to explore getting into the house flipping business. I have a full time job and this is not my primary source of income. I have a friend who does this on a regular basis and to 'get my feet wet', I par...
Hi all. I was wondering if someone could explain the tax implications for both sides of an owner financing deal for a rental property? I am just starting to research this financing strategy and I'm wondering how muc...
So this happened at one of the properties we managed. Have you ever dealt with anything crazy like this?What do I do if my tenant . . . Accidentally Throws Away the Neighborhood Drug Dealers Stash BagYou may think th...
I spoke to my CPA today who said that an LLC is more hassle than it's worth if I don't intend on having any business partners. He explained that if the real estate documents are appropriately drafted on the front and...
I'm more interested in holding out and renting out a property than I am flipping one, but if I did find one for a good enough deal and managed to get rid of it fairly quickly, what are the taxes like?
I suppose there...