Abe Alam
HOA Foreclosure - How to Win One?
Hi all,
An HOA foreclosed on a property and it is going to auction in a month or so. How does one acquire the property? The judgement is only for 7k. I'm assuming there's a first mortgage on the home that would need ...
Steven Fitzen
Claiming Lease Option Income
If you control a property through a lease option, can you, after an established amount of time, claim the income from the controlled property in an effort to acquire financing for it?
Seyi A.
Fix-and-Flipping with out-of-state entity
Hi BP Fam,If I set up an LLC in, say, Illinois, and then purchase a property in Ohio, renovate and sell it, does that count as "doing business in Ohio" such that I would have to register that Illinois LLC in Ohio as a...
Matt Johnson
Capital gains on primary residence question
Hello all,
Reading through the forums and am learning a lot. Seeing if anybody has any out of the box advice
Bought my first house 12 years ago for $398k, fixed it up and sold it last year for 1.225 mil. It was my...
Dominick Dahmen
Low down payment on commercial property
Does anyone know if there are conventional ways to get a low down payment on commercial property? Or is it all creative like seller carry the down payment etc.?I'm thinking for a 19 unit apartment and possibly mobile ...
John Albertson
Tax strategy from business sale
Receiving a large 7 figure payout from the sale of a business. Would like to use real estate to lower my income tax burden. What strategies are available?
Erin Baumfalk
New venture in tiny home lot rentals
Hello all, I am currently under construction placing 10+ tiny home lots on my acreage in the Black Hills of South Dakota. I am especially interested in construction financing for current project/expansion, landlordi...
Nicholas Zeiler
Write off repairs or keep my profit high for loan limit purposes?
I have a duplex that I live in one side with roommates and rent out the other. I want to buy another property in 2019 and am looking in a more expensive area of town. To be approved for a higher mortgage amount by a b...
Joel Hunt
Hard money tax reporting
In 2022 I participated in a hard money loan and terms were for a year. I received a 1099nec in 2023 with the amount lended plus interest. How do I go about only reporting the interest earned instead of the entire amou...
Bryan Wilkerson
need help on 1st flip w/ 401k
I'm about to hopefully start my future with flipping houses. I recently quit my job and want to use my retirement to start. It is not alot about 30k and will need all of it plus my savings to do it. I've read alot of...