Hello all, as we near 100% occupancy (YAY!), we are hoping to see some regular income from the fruits of our labor! Currently the management company is collecting rents, building an emergency expense fund, paying them...
Hello tax experts! I'm a buy & hold investor that is looking to get into some small remote flips or wholesaling. Flips in general seem to come with a very high tax burden, especially if you live in HCOL area with ...
Hey BP! Very grateful for the wealth of information available for me on these forums and linked information scattered around. Happy to finally be diving in after a month of studious research and equipping myself with ...
This is the best article on "extend and pretend" that I have seen so far:
[url=http://recenter.tamu.edu/pdf/1962.pdf]TAMU Extend and Pretend Article[url]
I guess there are some intelligent Aggies out there :wink:
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Hey BP,I am looking to purchase my first out of state property soon.I am looking to potentially use a hard money lender for my first property even though I know it will eat up my profits. Would you guys suggest I use ...
I am trying to figure out if I should offer cash, and then refinance, or get a mortgage upfront. The properties I'm looking at are not BRRRs. (I am doing that with a BRRRR, and the advantages of cash than a refi is ...
Is it possible to sell a rental and 1031 into a lot that you intend to build a duplex or four plex on? The new property has to cost more than the sale, and it will would when built, but it won’t as an unimproved lot. ...
Another new situation for me...tenant moved out and moved out of state. Left a huge mess and a hefty sewer bill that the deposit won't cover. They now live out of state....can you still file a small claims suit if the...
I'm moving to DC over the summer at some point. Looking at FHA programs and first time home buyer options. Hoping to buy a property since I will be living in DC for a year or two, then rent it out once I move. Don'...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $50,000
Cash invested: $120,000
Changed 4 unit apartment building into rooms for rent. 3 units turned into 3...