Raza Rizvi
Selling a property and confused with capital gains
Hello fellow investors. I had a question. I am selling an investment property and wanted to understand capital gains correctly. When I purchased the property I put down 25% downpayment of my own money + closing costs....
Debra N.
Confused on Contracts process for wholesale - help please
I have two contracts for wholesale and want to understand the process1. Assignment 2. Purchase option agreementIs this correct - I get the assignment signed by property owner when we agree on price then I use the prop...
Brandon Handel
Confused with discrimination laws. Please help. Thank you.
Hey guys, I need some help trying to work around the discrimination laws. I recently had someone ask me if we accept people disabilities. I replied "of course. as long as they meet our min qualifications, we accept an...
Leah Fisch
What is my attorney telling me? LLC Confusion
I hired an attorney to file a 50/50 partnership LLC for my new rental property.I clearly asked for the LLC to be a 50/50 partnership and provided all the necessary information. I received the initial filing documents ...
Ed Dunbar
Advice on next steps in a confusing situation
Hello! I generally get good feedback on here and this is a situation that is a bit odd so I figure this is the spot for it. Got our first investment house under contract! Did a really low ball offer, had the owners co...
Christopher Hall
I'm confused on how to value a MHP
Most MHP I see for sale have 60, 70, 80% MHP owned homes. The sellers show the NOI for the lot rents + rents on the mobile homes, and then CAP that at 10-15% and put it up for sale.Isn't the proper way to value these...
Jeff Ashachik
A little confused about this purchase agreement contract
So I downloaded a purchase agreement from the BiggerPockets File Place but I have a question about the pricing section, this is what it looks like:SALE PRICE: $_______SUBJECT TO: ______ $_______EQUITY:...
Nick Gallon Martin
Confused about deductibility of interest on tax return
I bought vacant land, built a spec home and sold it to an end user. I know that interest on the acquisition loan can be included in the cost basis since it’s inventory. But what about the interest on a cash out refina...
Nicholas Balcom
Saint Louis Numbers 2% 50% 70% VERY CONFUSED!
I'm from Saint Louis and am looking to buy my first multifamily an it seems that the rents would never be high enough to meet any of these rules. Any tips for the saint Louis area would be greatly appreciated!
Troy Hebert
Confused About the Validity of RE Investing - Need Help
I do apologize for the long post here, but there’s a lot to get out here.I’m posting in hopes of getting real data and information from folks before making the plunge into my first RE deal. I need a mental adjustment ...