John Redman
Tenant rights, Arsenic Poisoning, Landlord to provide safe water?
Hi All, I could really use some advice. I moved to Phoenix area from the midwest and renting a SFH while building a new primary residence. I am married with kids and recently learned, after my 6 month old daughter bec...
Ben Backman
Seeking Tax guidance, new investor
Hello Biggerpockets! I recently acquired a 3plex in pierce county, WA and finally got my foot in the door to my real estate investing career. It has been about 3 months into the deal and so far so good, the property c...
Price Kenney
C-Corp for every deal?
I’m an investor from Canada researching options for flips. My understanding so far is that a C-Corp is preferable to an LLC for a Canadian as the CRA doesn’t recognize LLCs the same as the IRS and you’ll end up being ...
Julian Dozortcev
is this considered a 1031 exchange
Hello All,If you purchase a home for a rehab sell it and then use those funds to purchase another rehab and continue going. Do you have to pay capital gains taxes on that profit earned or is that considered 1031 excha...
Daniel Haggar
Just closed today renters report bed bugs same day non disclosure
New member here and need some advice. I just closed on a 5 unit apartment complex today. The property contains 4 units in the main building (where the problem is) and an out-building (no problem there). All units are ...
Benton Moss
forming an LLC: pros and cons
Hi everyone -
I am considering forming an LLC as a holding company for several properties. What are the pros and cons of using this type of legal structure to encompass a few properties and what advice might one giv...
Shawn Henley
Group Home Investment
Investment Info:
Small multi-family (2-4 units) commercial investment investment.
Purchase price: $325,000
Cash invested: $325,000
Property is leased as a group home for the rehabilitation of individ...
Account Closed
Taxing a flip as a rental by leasing the unit prior to sell?
At what point is it determined, in the eyes of the IRS, how to tax a flip? For example, if we buy a property with or without the intent of renting it out, and after rehab we place a tenant in the unit, can we sell it ...
Tim Silvers
Tax Implications of Seller Financing on rehabbed property
What are the tax implications for the seller of a seller financed property in which the seller purchased, remodeled and sold it on terms?Hypothetical transaction with easy numbers:1) Seller acquires property for $100K...
Bobby Paquette
MTR's and Who else uses them?
I think everyone has heard of Travelling nurses staying in MTR's , and construction workers I have noticed are becoming more and more popular. My question is who else do you all see staying in these properties? Is the...