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Hi all. I'm a bit confused on this issue as I read about depreciation recapture being taxed as "ordinary income" then I see mentions of a "flat 25% rate". I have a 3 part questions:- So will the rate depend on your ...
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Hi All,I am an investor in PA that owns a Pre-Manufactured Home. I have a seller that is interested in the home but would like to do Owner Financing. I am into the home for 14 K. The selling price is 20K. The land ren...
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Hi, my dad filed a chapter 7 bankruptcy in 2006. He was given I believe 7 years until he could establish his credit again. Since then, he has bought everything cash. Since we both want to invest in real estate, he wan...
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We often hear investors on the Bigger Pockets Podcast say they own 1,200 units, 2,000 units, 15,000 units etc. In most cases where the unit counts are this large, these units are owned as part of a syndication or fund...
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My background.
Work in ND oilfields rotationally, 20 days on 10 days off.
Im 22.
Short term real estate plan is flipping, Long term is saving until I can buy 50+ unit apartment building.
My ...
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Hi Everyone,
I just closed on my first SFR and already have it rented out. As I continue to expand with additional purchases in the next year, I am curious about what your opinion is on the formation of an LLC.
The...
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Hello BP Family,As I am syndicating more deals and starting to reach out outside my inner circle of friends and family for private money for my deals, i am starting to talk to a few friends/ex-coworkers that have good...
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Hello BP Community!I wasn't sure where to go about this but I know that I needed to consult with folks who've been investing and know the game. I'm currently under contract to purchase a home built in 1920 for $160,00...
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Investment Info:
Small multi-family (2-4 units) other investment.
Purchase price: $98,400
Cash invested: $400,000
Sale price: $560,000
My first new construction project. Purchased unimproved land...
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I just acquired my first STR and am working on getting the proper insurance in place. I used a secondary home loan so the property is in my name and not an LLC. I am wondering what kind of coverage I need and how to s...