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...
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...
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...
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...