Michael M.
Capital gains on real estate sale - Buying in same year? (Bronx)
I was offered quite a bit above market price (around 300K more than it's worth in the current market) on my 2 family property by a developer that is looking to knock it down as part of a larger project on my block due...
Jonathan M.
Selling house to a parent with bad credit
I am considering selling my house to my Mom.
Why: She loves the house, most high cost items have been recently replaced (roof, HVAC, flooring), great neighborhood, great yard and epic treehouse.
Concerns: she h...
Catherine Cleveland
Loan servicing in IL
Have private money to use and need loan servicer that can do business in IL. Need to make interest only payments indefinitely with balloon of initial investment plus 10% equity when property sells. Ideas? Lawyer seems...
Andrew Nechayev
Does mortgage balance on original property matter for taxes?
Hello,I was wondering if using part of proceeds from sale of original property to payoff mortgage on that property can be accounted for on form 8824? Say you sell investment property A for 100,000 and you have 20,000 ...
Adam Aust
What counts as rental income for tax purposes
I’m preparing to buy my first rental property soon. My question is about the taxable portion of the rental income, specifically, money that is set aside for repairs, vacancy and capX. Is that money considered as incom...
Daniel Easley
Advice needed...1031 exchange or HELOC options
Hi Biggerpockets family,I am in search for advice on entering into multifamily investing. My goals are buy and hold longterm focusing on cash flow. I’ll be inheriting a property free and clear, and wanting to move bac...
Garrett Diegel
LLC Before or After First Property?
We are looking to purchase our first REI property sometime this year. We will be purchasing a property with an investor partner (terms still to be discussed) and want to make sure that the business entity is set up co...
Elliot Smith
Who has been a key asset for your team in Vancouver WA
Who have you had good experience with in the Vancouver WA area.Real Estate AttorneyContractor CPA Escrowany feed back would be greatly appreciated.Elliot Smith
Iryna Zhuk
Tax implications of transferring from C corp to a personal name?
Hello, looking for some advise. I purchased a Miami condo in my name, then transferred it to a C corp last year (I am the owner). Now looking to transfer back to my personal name. Any tax implications? Is it better to...
Account Closed
How we benefit from Wholesalers
I have yet to do any business with any wholesaler, wholesalers, wholesaling because I usually had purchase my deals from auctions or RE agents.
My question: when a wholesaler brings a deal to an investors, do those d...