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If I did two flips last year can I file both as capital gains or would I be considered a dealer and have to do a sch C? Both were held less than a year. Thanks
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I have found a home I'd like to make an offer on but I have yet to determine how much it will cost to repair/update. Is there a forum here, vendor list here, or method of finding reliable contractors in the DMV area? ...
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BP Fam! I have a property with over $80K in equity. I would like to rehab the property. Rent it out and refinance. The mortgage balance is $26K (-/+). The rehab + landscaping = $65K (approximately) Would it be better ...
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Hello BP,I am considering withdrawing money from my IRA pursuant to CARES Act. According to the Act, one has to qualify to be eligible. Besides the obvious qualifiers such as being infected by the virus or losing a jo...
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Hey guys, I need some advice for how to approach a financial partner on a deal for a fourplex that has been presented to me. I need help with rehab costs for it, we’ll be doing a lot of the work ourselves but after th...
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What should someone generally expect to pay for tax preparation? I currently work a W2 job and have 5-6 rentals in my personal name out of state. Looking at Federal plus 2 state tax returns and associated real estat...
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I have friends and family willing to invest in my real estate deals at an 8% APR, where they are not active partners. I will be getting a commercial DSCR loan. My question is what is the best way to go about this, do ...
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Hi to all at Bigger Pockets,I'm new to real estate investing and new to bigger pockets. In the short time I have been a member of BP I have learned an enormous amount. I'd like to say a massive thank you to everyone w...
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Hello all, we are buying a property and selling our existing home. We have 150k equity in the house we are selling. We are already in contract to buy the new home. We will likely close on the new home before we sel...