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Recent College Grad Seeking Advice from Experienced Investors and Flippers
Hi Guys!I'm currently researching how to start investing and flipping properties specifically around the Chicago area or possibly the Minneapolis area. A little background info, I just graduated with a degree in Finan...
Jon K.
What cost basis is used during a sale in this situation?
Let me preface this by saying I have already emailed the same question to my tax guy, but wanted to ask here as well. I am considering selling one of my rentals to the current tenants. This property used to be my prim...
Martin Pulrang
Tax implications of a joint Letters of Administration
I am hopeful this community can guide me. I am listed as personal representative, with my father, on a Letters of Administration (LA) as a result of the death of my uncle. My lawyer said we could execute a deed of dis...
Gary Michalske
Options to Avoid Capital Gain Tax
Hi BP-er’s,I have a tax strategy question about a deal I have the inside track on. My plan is to purchase this deal for $200K cash and wholesale it.This situation involves a 101 year old elderly family member that ow...
Eric Medemar
Zen and the art of real estate investing part 1
Ok, so maybe I am not that smart.
Anyway, I have always found the topic of success a very interesting one.
From my experience we all have a very good chance at being successful, except we get in our own way ALOT. ...
David Emerson
Purchasing Property With Another Family Member
First time posting on the BP forums so please excuse the green behind my ears, but I appreciate any and all insight here!I'm looking to purchase a first residence in the Providence, RI area for house hacking purposes....
David London
Offering Referral Fee to Tenants in Student Housing
Couldn't find much in the forums about this.
I am in the middle of renovating a future student housing rental (in Pennsylvania) and since I have no good photos of the house (drywall is going up at the end of next wee...
Ben Clark
Using someone else's money for a down payment
Hello everyone,I'm sure this has been asked before, but when I searched I couldn't find anything. I have someone who wants to be the down payment on property but doesn't want anything to do with the property and just ...
Kyle Shepherd
Super confused on 30-year mortgages . . . ?
Hey folks - I am a noob, and I am confused. I have not done my first deal, but I am always looking at properties and crunching numbers. (I have not done my first deal yet because I am behind the game when it comes to ...
Colt Clark
gift baskets for first time tenants
so, this evening as i spoke to my wife about a property i have found that i am interested in. We got into a deeper discussion about managing rental properties/goals/etc. I think she actually had a really good idea.she...