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If you are in the business of property development, are sales of homes held over one year considered capital gains, or ordinary income? Also, do you depreciate rehabbed property that you rent?
Thanks,
Steve
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This might be kind of stupid, but does the realtor's claim to a commission come only from physically showing the property? IF they send you one of those private client list of properties emails from the MLS, but neve...
I was able to secure a residential lease from another helpful BP member that I’m comfortable with, however, I’ve been doing more research and it seems like some of you use additional addendums to set tenant maintenanc...
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A broker/property manager sent me a list of properties with cash flow information for each unit. They seem overpriced (one they had bought for 6k, rehabbed slightly, and selling me for 44k. However, these units seem t...
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I found a motivated seller. I'm going to look at his property today and I think there's a very high likely hood he's going to want to sell.
He told me the home has an 50k lien from a business deal gone wrong,...
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Hello,
What is the longest time you've experienced from the time you've submitted your transfer of title/deed paperwork to the county and the time it was actually on record that it was changed?
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I'm still fairly new to real estate investing, and so I was shocked when I talked to a couple of more experienced real estate investors and they told me that their go-to for financing real estate is commercial. They h...
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Hey BP family,
As I approach the end of the W-2 Income that we can leverage, I'd like the know the various ways we can continue to grow as we find deals.
Ive spoken to some commercial lenders, or people who d...
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I live in Cleveland Ohio. I am looking for recommendations on a bank to refinance my 1sr BRRRR. A local bank would be fantastic if not any state wide or nation wide bank would do. A bank with 3 month seasoning would b...
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We rent out the rooms individually in a single family house. We recently installed a ring security camera on the front door. We told the tenant's we'd add the $3/month plan to their utilities to have 24/7 access to th...