Jesus R.
Help with Tax form 1120S
Here is the scenario...S-corp LLC was established in Feb 2018 for residential real estate investing/flip.It started with cash deposits from both managing members to purchase a single family home in Feb 2018 for $80k. ...
Wilder Fuentes
It's time to put this topic to rest!
Howdy BP Community,This question has been circling in my mind, and it's time to get answers.I recently read an article in a professional publication for realtors that indicated that when one sells a secondary home, th...
Alex Silang
Mortgage Limit
About a month ago I posted in the "Starting Out" forum about mortgage limits and got contradictory responses:
http://www.biggerpockets.com/forums/12/topics/105907-real-estate-limits
I've done some searc...
Ali Hashemi
Tax implication of selling one property from commercial loan
I have multiple duplexes under a single commercial portfolio loan. I'm interested in selling one of the properties and leaving the loan intact. If I sell one of the properties is it considered 'taxable gains'? My goal...
Elvis Guillermo
Options for Commercial financing
I need assistance in exploring my options for a commercial property I recently purchased in South Carolina. The building requires significant rehabilitation, but it is salvageable. Alternatively, I could consider demo...
Pat Parrillo
Closed on my first investment property
I closed on my first buy and hold investment property Tuesday. I purchased a duplex in Milwaukee. Was a fun journey. Got interested and serious about REI about 7 months ago, saved like crazy, networked with anyone I c...
Thomas Ebenhoch
Owner Occupy Property - Family Trust
First time investor here, looking to invest in a multi-family property that I plan to owner occupy.I am currently looking at a triplex listed for $135K. Looking at the county tax assessment, the property was assessed ...
Jeff Kushner
What are common contract contingencies for the purchase of a vacant lot? (Palm Beach County, Florida)
QUESTION: Are contract contingencies common when making an offer on a vacant lot? If so, what specific contingencies would be considered 'common' vs out of the ordinary or unreasonable?SITUATION: I've got my eye on ...
Lisa Eckman
Fix and flip partner and deal structure
I’d like to do a flip with a partner out of my home state of California. I can provide the cash to purchase and was thinking the partner would foot the rehab and sweat equity. What are your thoughts about this and how...
Chris Zeh
Deal Analysis Help!
Hello BP-ers, relatively new to this whole RE thing and I am trying to make sure I am analyzing deals the way experienced investors do!I have an example of a property located in Cleveland, Ohio (Specifically Lakewood)...