David Piqueira
Practicality of a crazy idea
I thought of this crazy idea and wanted to write about it just to see if other people think this could work in practice. I want to state that I have no desire, intention, or ability to actually do this. It was just so...
Mike Nelson
IRS Dealer status question
I have a friend who was recently laid off and was looking to buy an REO in an OK neighborhood. If he buys it, fixes it up and decides he doesnt like the neighborhood in say 3 months time, and decides to sell, can the...
Pradeepan V.
1031 exchange( 2nd partial rental home)
Hi
I have a rental property I am planning to sell and use the proceeds to buy a 2nd home( through 1031 exchange). I know 2nd home use for personal use doesnt qualify for 1031 exchange. However my question is what if ...
Alex Shaughnessy
flipping w/ a partner
It is my understanding flipping houses is taxed at ordinary income. If the house is held for one year then it is taxed lower. Is this true, and if so, would it make sense for my partner and I to flip the property, ren...
George Drexel
Quadplex as primary residence however living at my other house (real primary)
Anyone have experience doing this? How does it work? Is it a headache or is there any type of legal issues with this method? I would love to start investing using little to no money down. However I don’t want to make ...
Justin Glowa
Tax information for investor with no rental income yet.
I purchased a Single - Family home with the intention of turning it into a househack. The home has been registered as my primary residence. I have been working on many renovations since, but do not have any rental in...
Taryn Elbaor
Capital gain
How do you get by without getting charge crazy capital gain on your taxes at the end of the year in Indiana.
Greg Betts
First Fix and Flip, 1031 Exchange
Hey BP friends. It's been a long time coming but my business partner and I just closed on our first property. We're aiming to do several buy and holds but this property will be a fix and flip. My question for everyone...
Joseph Hernandez
Owner Finance Foreclosure
So, I sold a Parcel in Dec. 2021 using Owner Financing . Title named The buyer as Grantor, Trustee as Myself and Lender as myself. I was told it was much easier to have me as trustee so if I ever need to foreclose I c...
Forrest Holden
Raw Land Flip
Hello all, I am interested in buying raw land at auction at far below fair market value with intent to "flip" the land at just below fair market value. How long would I want to hold the property before selling it in ...