Kyle Nacci
How does the 2 out of 5 year rule work when 1 co-owner has been living in the house?
My ex-wife and I co-own a duplex in Providence. We're both on the deed but just I am on the mortgage. I haven't lived in the house since we separated at the beginning of 2022, and she has continued living in it, manag...
Adam Gagne
Sales Tax not Contractor's Bid, but requested at end of job
Hello,I've received a few bids from Contractors to rehab a property, and most do not include sales tax. How is sales tax usually handled with General Contractors?The reason I ask, is that I was about to choose one Co...
Ron Brady
Capital gains tax on LLC-owned inherited properties?
My wife and I understand that we could give our home to an adult child when we pass away and that our adult child would pay no capital gains taxes on it.
But, we have multiple rental properties owned by our LLC and w...
Daniel Becker
How did you start?
I'm currently saving up for a decent down payment on a property and have $12,000 saved so far. I'm wondering for those of you who have gotten a few deals in, how did you start once you had the money? Did you have peop...
Adam Ryan
Sydney Nebraska / Western Nebraska Question
My wife has a family member in Sydney who has recently moved out of state. I'm trying to help her find an investor in that area that deals in single family. She have the house listed, but the listing is coming up so...
Tameka Love
Corrective Action Needed! HELP
Non investor family member contacted me about todays closing. He just purchased a condo for approx. $185K. 80/20 Note is approx. $1400 w/ $200 HOA($1600 total). I think this is ridiculous, but I could be wrong. Any...
Justin Summers
suggestions on best partnership structure to pay lower Taxes
I'm setting up a new brokerage referral business with a partner. Nothing has been setup yet- It will be pretty much passive income (we are RE Brokers and will be getting referral fees from internet generated leads. ...
Derek McGillicuddy
Mileage for rehab supplies
My rehab is about 75 miles away from a Home Depot. Can I write off mileage to pick up flooring, supplies, vanities, etc?
Marcus House
ROI formula used by Biggerpockets.com Calculator
For the investor calculator on Biggerpockets.com that I am using to evaluate apartments for buy and hold, when it does its ROI calculation does it include monthly P&I as an expense in calculation of ROI?
Here is ...
Ann B.
hard money for cash purchase
Just asking for help to understand one of the options and processes. If I apply for a hard money loan so I can offer cash and a fast closing on a purchase, do I turn around and look for a bank refi in order to pay off...