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Hi there,Very new and ignorant to real estate but was somewhat dragged in without being prepared. Here's the situation.... I have a home that is currently being rehabbed and that I plan to sell next year sometime. I h...
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Investment Info:
Townhouse fix & flip investment in Romeoville.
Purchase price: $160,000
Cash invested: $230,000
Sale price: $275,000
A full rehab in Romeoville. New flooring, kitchen, bathr...
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I'm trying to reconcile my (50/50) partners historical tax treatment of our mixed-use residential property with mine, among other things.
She's always had a tax pro, I've always DIY.
A big mistake: I've always done...
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I have a tenant in an upstairs unit that notified me that they have fleas in their apartment. This is a two-story standalone building consisting of two efficiency apartments, one on top of the other.The tenant below ...
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Tenant says he has the right to withhold rent because I failed as a landlord and will not pay rent until everything is fixed. Here is the story1) He says he has been having roaches problems but I have sent different p...
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I heard only rental properties qualify for 1031, but not flips. Is this true?
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Hey BP community, This is for my fellow mobile home park investors out there. I'm looking into buying my second park, what's different on this is that it has private water and sewer. Have you had either good or bad ex...
Hi all, I am buying a lot and building a house under an LLC. Let’s assume that the lot costs 50K, I spend 50K to build the house, and that I sell the house for 150K. Within the same year, let’s say I buy 2 more lots f...
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Hello BiggerPockets!A few things:1. I have no experience flipping a home, but see myself doing it within a couple years.2. I'm always looking to soak up as much knowledge as possible.SO...You found a property, you fix...
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Hi everyone, great site. It's been very helpful to me.
Right now I am dealing with one of the easier problems I've had in my short career.
I rented out my first SFR in March. Less than a week after the tenants moved...