Jasmine Lu
Should I sell a rental property now ?
Hey, I am new to BP. I started RE investing before really knowing the ABCs. Now I am seeking some help to decide if I should sell a rental unit. I bought a condo unit for 388k in 2017 ( I live in a high cost area). Th...
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Need advice on partnering deal
Sorry this isn't directly related to RE, but I know there's folks on here that will have some good insites on my situation. An opportunity recently presented itself to partner with another couple to open a restaurant ...
Jacob Thorp
Returning Principle to funding partner/private money lender
Hello,I am trying to research how to structure an agreement with a funding partner. I have found some great resources (https://www.biggerpockets.com/blog/2015/12/03/structuring-partnership-rental-properties/) but none...
Michael Xiong
Condo Sales
I bought a condo at 200 N Dearborn in 2010 at price of around $250K, my cap rate is only around 3%, I hoped the condo value would go up over years, unfortunately, it actually went down. If I sell today, I might need t...
Kelly McClellan
Transition from active to passive investment
Good morning BP members. I am actively seeking to make connections with those who have successfully transitioned from active ownership to more passive real estate investing. I have been on an information bender as I ...
Pier Di Giorgio
$100,000 GAIN FROM PROPERTY SALE: TAX DEDUCTION & REPs STATUS
Hello BP community,I am a real estate investor with a portfolio of 6 rentals. This year I will qualify as a Real estate professional and I will also make a grouping election for all of my real restate units. I am plan...
Brennan Thomas
Looking to get into REITs, any tips?
So I’m new to investing, and do not have a ton of money saved up to go out and buy up some rentals which was my original goal. Considering getting into REITs to have some money flow to use at some point towards other ...
Doraine Warner
Thinking of buying vacation rental condo in Puerto Aventuras, MX
It is halfway between Playa del Carmen and Tulum, Mexico. It is gated, secure, a larger resort, with hotels, restaurants, shops, scuba, snorkeling, a dolphin encounter, etc.It has a marina and golf course. Anyone have...
Nadine Massarelli
Capitol Gaines tax: Does it eat away your net profit margin?
Our IRA adviser is trying to convince us that capital gain taxes will eat up our profits and want us to keep our funds in the IRA or transfer them to a 401K instead of closing these accounts and investing them in our ...
Patricia Vildozo
Taxes for flipping schedule C vs investment
Hello Community,I opened an LLC, purchased a flip with it in 2018, had a bunch of issues while rehabbing it, when we were done with it, it didn’t sell quickly, we try to refinance it, bank made me quit claim deed it ...