Hi guys,
Had a few questions regarding recapture tax and was hoping someone could help.
1) Recapture tax is a federal rule/law and not at the state level correct?
2) Will you owe recapture tax whe...
Is this a good deal;Asking price-140,000(foreclosure)Offer-120000Rehab cost-25-30,000ARV-210-215,000Hard money loan 90/1001% holding cost per month No early payoff penalties but requires four months of interest only p...
I bought my 1st rental property in back 2018 for 180k. As we all know, the market is HOT and I'm wondering if I should sell or hold? The medium home value in my area is $400k. Would you sell, and why? Or if not why?
Looking into DSCR loans for a new build that I wish to make an Airbnb.
Besides looking at what Airbnb comps are pulling in, backup would be what long terms are pulling in and average selling cost of what the home wi...
Long story short I sold a rental I had and walked away with approx. 90k. For a variety of reasons I wasn't able to do a 1031 exchange. Was wondering if anyone had any advice to offset the capital gains tax I'm on the ...
So I actually have a few questions about this particular matter. Im a new wholesaler currently preparing to launch my first marketing campaign. However, I’m still hesitant to start because even after reading almost ev...
Investment Info:
Condo fix & flip investment in Seattle.
Purchase price: $440,000
Cash invested: $218,000
In May of 2022, I purchased an off-market 2 bed, 1.5 bath condo in the heart of Seattle f...
Where do I start to determine if this deal is worth it? We have a potential property that would be a complete rehab. It has been empty for 3 years, was bank owned. Private party purchased it last year, gutted it, &...
Hello BP nation! I haven't posted in a while so I want to ask this out of curiosity. How much should you (as an investor) aim to raise the value of a home vs the amount spent on rehab? Ex. If an investor buys a dis...
What’s the minimum spread you look for when choosing to flip or not flip a property? Here’s my current situation that I would love some feedback on:Purchase opportunity: $260kEst. Rehab: $30k (cosmetic throughout, bat...