Joe Farruggio
Flip & Taxes - Capital Gains?
So I did my first flip. Worked out great. Bought it for $225k. Put another $125k in it. Sold for $450k. 6 Month time frame. Now... it's treated as a short term capital gain..... what can I offset it by? If I bought a ...
Eamon Conheady
SBA loans
Hello, Just started seriously looking into financing for my new parent entity and was wondering if anyone had input on the SBA loans and other services offered by sba.gov I opened a bank account for my entity at a nat...
Adam Kasix
[First Deal] Placing an Offer... NOW WHAT?
I found a Quad that I like. I spoke to the listing agent and she informed me that one of the four units has a ceiling that needs repair from an old leaky roof. The roof was replaced. The numbers are good for this pro...
Nichole Stohler
Your First Multi-Family -- FAQ
Hello BP community! We’ve followed BiggerPockets for years and a few months ago I posted in the success story forum on how my husband and I went from complete real estate failure and debt to coming back and buying a ...
Ryan Windus
Preferred Returns Implications on Cash Flows
Recently, a lot of the value-add deals we have been underwriting will produce less cash on cash returns during the beginning years of the project than the deal's preferred return. Whether talking to potential investor...
Tony Castronovo
BRRRR Question
Happy Father's Day! I am putting an offer on a property today and wanted to get some advice. My plan is to leverage the BRRRR (Buy Rehab Rent Refinance Repeat) strategy. I was going to buy the property under my LLC...
Carissa Gulyas
First Multi-Family Question
Hello all, I'm looking to buy my first 2-4 multi family unit that my family and I will move into one part and rent out the other(s). We already used the FHA option when we purchased our current home 7 years ago, (bef...
Ashley Swift
POF Letters, HELP !!!!!!!
WHERE can I get a proof of funds letter without using my credit. I am attempting to put my first wholesale deal under contract but am having a hard time finding a proof of funds letter to get through the first step of...
Matthew Paetz
I've become very interested in bridge loans.
I'm interested in learning as much as possible about the details of bridge loans. I'd like to offer this type of loan in the near future, but I want to know as much as possible. Does anyone have extensive knowledge?
Account Closed
Getting out of a Cash Offer
Hey guys,I recently made a cash offer on a property that was accepted through an LLC.I have to pull my offer for personal reasons. I have not given any earnest money.The realtor got upset when she learned I was pullin...