Hi Guys, when you sell a property that is under an LLC to an other investor, do you have to pay the capital gain?Please help!Merci.Guillaume
Im new to the industry and was wondering what the best approach for me would be to build Capital? My credit is something Im working on, but still needs lots of work and dont have the start-up capital to invest into a...
BP Tax Gurus,My question is regarding short term rehabs. I know that if you hold a property for greater than 1 year, its taxed at a long term capital gains rate (15% for most people), and less than a year, it is shor...
how do I buy with little money down and not so good credit
Has anyone used Gorilla Capital to fund their fix and flip deals? Their program seems favorable but I'd like to hear some feedback, if possible, from current and/or prior users. Thanks!
Hello BP! My question is who should I speak to about what to do with capital gains accumulated from wholesaling? Currently the capital is sitting in the company checking account. I'm not sure that is the best place fo...
Hello, I currently attend Augustana College and I am a very ambitious student who has been learning a lot just from BP. I started the REI club on my campus and I love this business. I read a new book every couple of w...
Hey I was curious on how some of my fellow BP members raised the captial to start your Real estate investing careers.
Hey guys! I had a general business related question that goes for all types of businesses, real estate, commerce, e-commerce, etc.My question is about raising capital & I'm sure we all heard the phrase "You need a...
Hello there,Anyone know what's the general capital gain for fix and flip (hold less than a year)? I'm in CA. Ex: IF purchase price $200K, sell for $300K, rehab $30K --capital gain is about 30% from $70K (purchase pric...