Andy Young
Another Capital gains question
I am selling a multifamily I bought for 100,000. Over the course of owning it I have paid off $25,000 of what I owe on the mortgage.I paid 25,000 and got a mortgage for the 75,000.I am now selling it for 200,000.I am ...
Javier Pinedo
How to protect your gained cash asset?
I'm starting out wholesaling houses, but one of my concerns is how to protect your earned money. Definitely I understand that everyone needs to pay taxes, but which would be a way to protect the money as much as you c...
Brendan Scherschligt
Purchasing Apartment Complexes Pros and Cons
Opinions on purchasing apartment complexes instead of multiple houses? I plan on eventually having both, but was curious about what you guys think the pros and cons are. So pros and cons of apartment complexes vs mult...
Brody Veilleux
Sweat Equity on a MFH
What type of renovations are best on a house hack if the goal is to BRRRR every year? I know the typical value add on a SFH is to fix up kitchens and bathrooms, and forced appreciation with ADU’s or new bathrooms and ...
Kyle Spearin
Determining Agreement Terms and Deal Structure
I'm exploring the idea of lending money to a flipper who I've worked with in the past in other capacities. This would be my first time lending, so I'm wondering:-What are your typical terms and deal structures? (as an...
Andres Castaneda
22 YEARS OLD BUYING MY FIRST INVESTMENT PROPERTY
Hi everybody,I am new here to the BP community so I wanted to introduce myself! My name is Andre and I am a 22 year old realtor licensed in New England. This will be my second full year being licensed and I am in the ...
Alexander F Pollock
1031 Exchange & Seller Financing
Has anybody done seller financing with a property that was a 1031 exchange? I'm looking at a triplex that the owner has had since 2003 and was part of a 1031 exchange. They tried selling last year but couldn't find an...
Jon Dorsey
Property Basis for Depreciation
How do I attain basis for depreciation on this property;l?I’m at odds with my CPA and looking to see what I can do to maximize my depreciation on the property I purchased a multifamily at an incredible deal, way unde...
Anthony Jordan
Owner Financing: Tax Implications for Seller
Hey BP, I'm looking to make an offer to buy a single family home using owner financing and want to get a better understanding of what the tax implications are to the seller. My initial thought is that the seller would...
Susantha Nanayakkara
Tax rebate
If I buy a residential property in Canada to rent it out by using a mortage loan is there a tax deduction on the interest of the loan.On the other hand, if I buy my first residential property to live in then how is th...