Eduardo Blanco
Qualifying Process For LLC Investment Groups
Hello, my partner and I are about to register an LLC structured REI group. We are not clear about how to explain to our potential members how the qualification process works in relation to the qualifying process.
...
Greg Baker
Investing with pre-tax dollars?
Hi everyone, I've been devouring some recommended books over vacation and one book made a point that actually blew my mind. It stated if you buy a $50,000 home with traditional W-2 income, I truly"paid" $75,000 pre-t...
Tim Sherer
Roomates in a single family zoned home
Hello all, new member to BiggerPockets and newer member of the real estate game. I recently bought a home in a fairly popular area of the city. The house is zoned as single family so to my understanding I can't legall...
David Jiang
New Built 4 plex evaluation
Hi, BP
I am interested in a newly built 4-plex (2013) in Texas. Here are the numbers:
Purchase price: $447K
Downpayment: 25% (111.25K)
Monthly mortgage payments (4.75% mortgage): $1749/month
Tax...
Chris K.
Tax free income off STR?
If I live in my second home for more than 14 days out of the year (second home), what does this mean for all other income I received for STR for the year? How is this income taxed? Thank you
Kathia L.
Brick Duplex Analysis
Hi BPers, So this is one of the many possible REI I'm pouring over before finding my 1st deal and taking the plunge. I'm having a little trouble coming up with an offer Price. I'd like to get some feedback on my numb...
Jeremy Helsabeck
Kansas City Team! Who’s the Best?
It’s 2021! I set goals for myself to purchase 2 properties in 2019, done. I set goals for myself to purchase 3 properties in 2020, done. I have goals to purchase 3 more properties this year. I’ve faced some challenges...
Kurt Granroth
Determine Adjusted Basis and Sale Price from LP K-1 After Sale
Let's say I was an LP on an apartment complex that sold this year and while answering TurboTax's questionnaire, it asks for two very fundamental bits of information - the Adjusted Basis and Final Sale Price. As basi...
Kate Li
Should I go through 1031 Exchange?
Hi,I own a 4 family house where I lived there for more than 6 years. Then moved to another state in the past 1.5 years. I want to sell this house and it’s 1.4mm. The purchase price of the house was 700k and has around...
Joe Atkins
Appraisal before flip? CPA advice
We are currently in the process of purchasing our first investment property, (cash purchase). It is an old farm house on 9 acres. We are dividing it into 3 acre tracts and keeping the house and 3 acres for a rental. O...