Hey everyone,
When it comes to fix-and-flip projects, the down payment and closing costs can add up quickly. I’m curious how you all manage these upfront expenses. Are you using hard money loans, tapping into savings...
Does anyone do credit card churning? If so how does it affect your ability receive financing for deals? What are your ways to of being an active churner while also being active in finding deals?
Hello All,My name is George presently live in Manahawkin, NJ. I have not jumped into REI as of yet (difficult to pull the trigger). I currently work full-time in the medical field for the past 20 years which limits my...
I spoke with a CPA and he said it would make no difference gifting my mother's home(I have PoA) into my name or my LLC in regard to taxes. Is this true? This seems off due to what I've read about write offs and depre...
I am considering buying a house on a "subject to" transaction but there is one big aspect of this transaction that can make or break the deal.Does the house get reassessed? If does, the new property taxes will kill th...
I purchased my 1st duplex but had to go conventional using my credit etc. for the loan... The loan is set up as an investment in the banks eyes. I didn't have a LLC established or the experience needed to help get th...
Hello, My name is Charles Morgan. I own and operated an aircraft avionics engineering firm and I am a tenured Aeronautics Professor looking to get in the rental market.
We are rehabbing a property and will refinance afterwards to complete the BRRRR. The property is currently owned in my husband's and my personal name. We identified a local bank which is willing to refinance it into o...
Hello Bigger Pockets Community!! My name is Alan,from Pawtucket Rhode Island, and although I've been a member for quite awhile now I have never posted in the forum's. I have been working, slowly, in trying to get i...
Hi BP Team,Hoping there is a tax professional out there that can address my question. I recently realized a significant 1231 loss. I understand there is a 5 year carry over on this so if i realize any gains those ga...