Wade Stahle
Capital gains, selling 2 months before 2 years.
Hi BP,I am planning on selling my house before the 2 year mark. However, I am at about 22 months of ownership. Will I owe capital gains taxes? If so how much and how did you calculate this? Purchase price was $187,000...
Sergio Avina
Pre-Qualified by Lender in Los Angeles $800k. How to Start REI ??
Hello BP Community:This is my first post on BP. I humbly appreciate you reading the below question. Seeking expert advise on how to best start REI. I live in Los Angeles County (Whittier) and am interested in investi...
Kevin H.
5-plex / 6-plex financing? Rates? Availability?
A few of the properties I've been eyeing recently are 5 and 6 unit setups. Some of these have had all of the units under one roof, and some have consisted of alternative designs (like 2 triplex units on the same lot)...
Joe Nasr
Income properties calculations
Hi,
I am looking to buy my first income property and wanted to know how much the maintenance, utilities and PITI should i deduct from the gross rental income? I have been told 45% of gross income but there doesn't se...
Joseph Schommer
Kick the tires of my plan please!
Hi BP community! I came up with a 5+ year goal setting plan for my family and would love some input! I've been drinking from the information fire-hose for the last year+ and have come up with a plan based around BRR...
Paul Gold
Q: Taking assignment of a tax lien in a sdIRA.
Hi all, hope you are well this evening. Considering the following scenarios and would like opinions about whether the IRS would consider them allowable transactions, please.
My brother and I each have our ...
Ronald H.
How to buy, and flip properties that are out of state
Not seeing many deals in Massachusetts and I am searching Connecticut. Looks like Connecticut has many deals. I will be using the Bureau of Labor and Statistics to see what the economy looks like down there. Also will...
Will Raetz
Hello from Northern Virginia!
Hello everyone!
I'm a recent graduate from JHU (Engineering), and I've been lurking on the site for just a few weeks. I live in Northern Virginia, though with an average home listing price approaching $1M in my count...
Larry Sarner
Getting that first deal done
So I have a potential deal: Bank owned condo 2/2. Recent comps $280-290k. Bank is asking $199. rehab estimates come in at $57-$60k. I'm offering $120k. I'll probably get laughed at but factoring in the carrying ...
Staci Russell
Renewing a STR Tenant
Hey guys! This is my first time posting on this platform and I'm hoping to get some clarification on the following topic. My husband and I welcomed our first 28 day renter in our STR property. They are a great family ...