Anton Bachuk
Holding a flip long enough for avoid higher taxes in PA?
I am looking to get my feet wet in real estate and found a property that is in need of renovations in western PA. One thing I'm trying to figure out is just how quickly can I flip it. From what I understand any profit...
Al Palomo
I've used personal funds for LLC bills
Hello all. I'm a new investor and currently have 2 rentals (1 vacant and only recently renovated). For the rented property, during the pandemic, I muddied the waters and used my personal funds to pay for renovation,...
Danny Day
Increasing cash on cash return
Lately I've been dabbling the numbers to maximize the cash on cash return for rental properties.
I want to run this sample deal to make sure my numbers are correct. From what I can see a hard money > refi deal ma...
Steph C.
Taxation of Rehabs that Cross to Next Calendar Year
Hi BP,
I have a question that I'm sure many of you can answer.
We purchased a home to rehab last year in an LLC. The rehab was completed last year, but the house did not sell by the end of 2011. If the house had so...
Ken K
Actual Cash Value estimate
Might anybody venture an estimate on this? . . .
1) a 60 year old house in dated but reasonably good condition is purchased for 75K
2) the insurance agent's system determines that the correct replacemen...
Dan Wentworth
Help building a network
I'm new to the BP community & investing somewhat. Real Estate investing has been on my mind for years as I'm an old timer, lol. Starting back in the late 90's with Carleton Sheets, buying some properties, taking...
Eric Littlepage
how complicated does depreciation need to be?
I'm doing my taxes for 2017 now. I've had a duplex since 2012, with tenants in it since 2013. 2017 was a particularly rough year--my property management company has recorded $5700 of repairs that were done, and in b...
Felix Wisniewski
P&S AGREEMENTS CLAUSES NEEDED
Whaddup Bigger Pockets!
Still a newbie investor and looking to see what clauses I need. I have the basic purchase and sale agreements. Actually a few different ones trying to decide which one is better withou...
Jordan Stallard
What's your HELOC payoff strategy?
Hi everyone!
I am new to the BP community but was hoping someone could try to walk me through a couple of things in regards to a HELOC.
I recently was approved for 40k on a HELOC for my primary residence. I was want...
Jeremy Buttell
Out of state tax return, Indiana.
I'm in CA and have rental properties in IN. My CPA says that since I had no gains (expenses/depreciation was greater than income) I don't have to file an Indiana state return. Is he correct?I already found errors in t...