Quincy Mingo
Purchase 3-unit from Business Partner (Buyout and Capital Gains Tax Liability)
I own a 3-unit multi-family with a business partner. The mortgage is in the name of my business partner. The interest rate is 4.5. We put 5% down when we first purchased it in 2019. The loan is not assumable. I want t...
Deepti Mandava
Investing in Bay area for positive cash flow
Hi Big Pockets community - I am looking to invest in A rental property and would like to understand the market for multi family units / Single family homes, areas that make sense to invest in bay area given the curren...
Matt Jones
Post-closing rehab loan for personal property
Recently closed on a townhome and my property could use a facelift. Unfortunately, I do not have enough cash to afford the rehab. What are my options with getting a loan (~$50K) to improve my property and then, hope...
Ken Lou
does interspousal transfer deed step up cost base?
Hi,I purchased my rental property few years ago for 300k in Washington State free and clear and since then it has doubled it's value with capital gain around 300k. I'm planning to get married in 2 years and want to bu...
Brian Cannon
Seeking insights from Cash Buyers in Dallas
Hi everyone - I am currently exploring opportunities in the Dallas/Fort Worth area and would love to connect with experienced cash buyers in the area. I am particularly interested in:1. what types of properties are cu...
Cody Campbell
Seller is leasing new construction duplex under market value!?!?!
Ive been crunching numbers like crazy on a new construction 3/3 duplex with premium upgrades. The current market for a unit like this is 1500/month but the seller is leasing them at 1125/unit. Going back and forth abo...
Brady McClendon
BRRRR Strategy w/ $250k private money & $55k cash in Phoenix, AZ
Hi BiggerPockets! I’m brand new to real-estate investing. I want to buy my first rental property this summer, with a goal of making $200k/year in net cash flow within the next 4 – 6 years.
I’m currently looking to ...
Frank Fiore Jr
Double entry Accounting and Asset, Liability, Expense, and Equity for Home!
If you can provide insight into any of this I would be grateful, I have read GnuCash help / tutorial, and did some searching online, I have not found the necessary information to understand this. Maybe I ...
Itay Heled
flips Cleveland Ohio
Hello BP members & Happy New Year!I am considering flipping SFH into turnkey rentals with a local partner. rough plan is the following : 1 purchase price 20-35k 2 10-20 k rehab 3 place a tenant and sell for...
Simond Wong
Tax Impact: Transfer Parent's homes to Me, Please :)
BP Fam,
Please seeking some guidance on managing tax impacts to me, to transfer my parents homes to me as the owner. All the homes are paid off. I am based in Pennsylvania.
I assume They should be able to gift all...