I will be a passive investor who will finance the flip and my partner will do all the work and we will split profits according to our agreement.My preferable way would be to buy it in the name of the LLC I own 100%, m...
Hi everyone!I’ve been owning my first multi family for just over a year now. My girlfriend and I live in the upstairs unit and we have a tenant in the downstairs unit paying rent. Throughout their tenancy I’ve receive...
Hello BP! I'm a new real estate investor getting ready to relocate to the Tampa Bay area to flip houses with my husband. We've never been to the area so any suggestions or thoughts on up and coming neighborhoods that ...
How many properties can you buy and sell, assuming holding at least a year, to maintain investor status (cap gain 15%) and not dealer (pay tax at higher rate)?
I have my first rental under contract. Though I understand taxes in a general sense and what to do for my own house I'm in the dark when it comes to whats different for rental properties. What are got strategies to lo...
First, this thread is NOT about the current legislation to create a national healthcare program. There are plenty of threads on here arguing the benefits and drawbacks of that specific bill, and I don't want this to ...
Hello everyone,I’ve been lurking the forums for some time and using the search bar to find this but to no avail.
It’s a house hacking tax question.
Anyway, a bit of background on my particular scenario: I bought my ...
Hello,I was living in a three family home in NJ for just a year. Prior to me moving in, two tenants were terminating their lease and moving out early. This was my first apartment so I didn’t think nothing of it. I am ...
I am in the due diligence period on a short sale. The inspector found mold in multiple places in the finished basement. The house has been empty since July and the utilities were turned off. I think that is the ...