Hey everyone,I am about to put a property under contract, but the seller already had an agreement with a real estate agent. Who would sign the purchase contract I give them? The Seller or the agent? Should i get the s...
What is the "trigger" for being able to claim depreciation on a residential property "investment":
Is it investor status (vs dealer) ( assuming intent coincides with status)
Length of hold (like tax rate)
Whether you...
I've had my eye on a vacant property for some time and it recently went to auction and sold. I made a couple phone calls and learned how much it sold for and who bought it. It was sold to "ABC REO"(not real name). ...
I am reviewing my current lease agreement in preparation for a new tenant later this week.
Over the past few months I have a few occasions where I read discussions here where I noted to amend my own lease whe...
Joined Bigger Pockets several months ago. Haven't been active in our community much, but have been conducting business with a Bigger Pockets agent. My first wholesale deal has been completed and was very successful th...
I plan to create an llc to handle my investments, but I live in New York City and do not plan to do business here. At least not yet. I want to start out of state and build my way back to New York. I'm aware of the pot...
Hi everyone! I am a foreign national in the US on valid work visa looking to do some fix and flips. I do have ssn and several years of credit history so financing is less of a concern to me at the moment. However, bas...
I've been talking to a lady for the last couple of months about her mother's home in Memphis, TN. This past weekend we finally arranged a time and I was able to go take a look at the property. It is truly a hot mess...
I am wondering if anyone has any advice on tax savings on income made from flipping. Should I buy investment property out of state, re invest in another flip?