Rapy Narruhn
Do I have to pay capital gains tax on an empty lot?
If I already have a home of my own and I would like to sell a empty lot separate from the lot my home is on, how does capital gains tax play in this? I did some research and saw that since I've owned the property for ...
Abhimanyu Aditya
US Citizen with Foreigner as a partner
I am a US citizen. My parent is an Indian citizen. She has some money she wants to invest in the US in a real estate condos we can rent out.
She is happy to have everything go through me, i.e. she transfers the money...
Lak Chilam
multifamily is residential or non residential for water billing ?
Hi,My property is in Atlanta. we have a water main meter(8in) and getting 9000$ permonth for 64units property. I know which is very high, my property is listed as non residential as per water company since meter is 8i...
Kurt Zarwell
Cost basis of owner-occupied duplex with improvements
Hello, I am trying to confirm how the IRS requires me to calculate the cost basis of an owner-occupied duplex for calculating my capital gains. I think I know the answer, but I am also hoping I am wrong because it doe...
Carson Sweezy
Little Rock, AR 1031 Exchange
Greetings BP Arkansas,I am looking for some advice ion 1031 exchanges in Little Rock. A family member of mine may be looking to sell a rental property. Does the same 45 day exchange rule typically apply? What options ...
Cory Lader
Would you settle?
Hey BP! I'm wondering what you all think about this question.Would you settle for 5-10% CoC ROI in this high interest rate environment if the asset was located in an appreciating market?
Joshua Howes
Flipping profit advice needed
Hey BP family. I'm looking for some different avenues of approach for the following scenario. I'm currently flipping houses aka chasing cars for the last year and now that I've finally caught one, I'm not sure what to...
Carson M.
Metro Detroit Rental Success
City- Oak Park, MichiganPurchase- 85,000 from a wholesaler.Rehab- 26,000 plus 3,000 allocated company overheadARV- 180,000Rent- $1600/monthI'm very happy how this one turned out! I purchased it while rehabbing a nearl...
Larry Fried
Covid Rental Assistance Jacksonville Florida
I am a long time investor in JAX, but live in Oregon. I have one tenant in JAX who has gotten several months behind in rent, after he was laid off due to Covid cutbacks. I understand that Florida was to get some $8...
Brad Swarm
Does utilizing an HOA Effect your repair analysis?
I know that being part of an HOA can mean that issues such as roof repairs, ventilation problems, etc. are often fixed by the HOA, so when you are analyzing a deal do you typically decrease the percentile allocated to...