Patrick Thomas Mc Manus
What tax percentage should I factor into my equation?
Good morning dear BP members,
I am analyzing the below rental property deal in Florida:
Purchase Price : $ 50,000 (including closing, cleanup & rehab costs)
Amount Invested : $ 10,0...
Jason Schmidt
closing costs? 5k or 10k?
I spoke with a guy at lending tree, and said i was looking at a 185k house with about 50k down on a 15 year mortgage. He said closing costs would likely be 5k. But when i asked the realtor, she said 5-6% which would...
Sam Rogers
Anyone use a Deferred Sales Trust?
Deferred Sales Trusts seem like a viable strategy to defer capital gains. But really the only info out there on them is marketing material (I'm talking to you Brett!). I've talked to a few tax accountants and attorney...
Josh Edelson
LLC or S Corp or Umbrella insurance?
Hello - I have 11 properties in my own name and a $2m umbrella insurance policy. I’m looking to eventually get to 20-30 units and want to be prepared. Annoyingly, in the state of California, you have to pay $800/year ...
Jonah Wilson
Can I assign a land contract?
I have come across a deal that seems promising. The owner wants 17k for his sfh and will finance. After researching I noticed "7k in delinquent taxes". The value is 26-27k, with that being said my partner wants to off...
Dov Klitnick
Lows on a 1031 exchange
If I do a 1031 exchange but I can't find a new property do I have to pay a penalty or will I just end up having to pay taxes
David Briley
Forming LLC for private money partners
I want to form an LLC with two private investors. I'll run the project and they'll pitch in various amounts of money. Once we get an accepted offer, then we'd just create an LLC just for the property we're working on...
James Back
Help Me Analyze this Property Hamilton Ohio
I am looking at purchasing my second rental property in Hamilton OH and am looking for some advice. Its a current rental property, and the owner is selling it because he is moving across the country. Please let me k...
Lorenzo L.
First Single-Family Fix and Flip at 21 (NEED ADVICE)
Hello all,I'm looking to do my first single family fix and flip in the Greater Boston/Worcester area. I am reaching out to experienced flippers to help me make the process as smooth as possible. Can someone provide me...
Keith N.
Which qualified intermediary to use for 1031 exchange?
I’m going to list one of my rentals for sale in about a month when the tenant moves out.I will probably net about 60K from the sale (after all transaction fees). My goal is to use about half of this net profit (30K) a...