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Hello all,
What are the best tax preparation practices for house flipping? I utilize two methods of home repairs: rehab then rent; or rehab then sell (the typical flip).
Would my tax planning differ in each of the t...
***June 2020 NEW UPDATE***: As a follow-up from my deal in contract below, I am thankful we are still in contract due to Covid-19. But now, the Buyers want to renegotiate a lower purchase price significantly reducing ...
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I have been a casual real estate investor for twenty years. I recently sold my business and am now looking to invest more seriously. I am very curious and looking to learn all I can. I just bought five homes in the...
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Hi EveryoneThis is my $7000 rehab, I call it my rental rehab not retail rehab where perhaps a higher standard is required when selling.This home is around 1450 sq ft. I purchased this for $36,000 and rent is around $9...
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Hello BP folks. With low inventory levels and highly competitive nature of buying existing assets, I'd love to hear from anyone who's doing ground up development projects of any asset type.Thanks,Dan Biber
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Im very well vetted in large multifamily investing and have a decent portfolio of a few hundred units. I am currently looking to diversify my income stream and am looking at certain retail and fast food buildings for ...
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I have a property under contract in Baltimore. Since the deal is under way, I am looking at this discussion as an autopsy. I already have thoughts on my It is a newly rehabbed property. The buyer bought it for $45K an...
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I'm about to purchase my second rental using traditional means (20% down, bank, blah), but want to acquire my third property faster this time around. A very successful investor I met suggested going to my local REI m...
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Units: 5
Gross Income: $2750
Taxes: $300 per month
Water: $75 per month
Insurance: $150 per month (??)
Misc: snow/lawn $100 per month
Location: Lower incomes, typically high turnover, though relatively decent part o...
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Hey BP -I'm in contract to purchase a mixed use property in Northern New Jersey and I have a question for all of you lending guru's out there. As is, I'm purchasing the property at a 6.5% cap, but upon lease up of the...