Account Closed
Should I get a DBA or LLC for wholesaling?
Hello everyone,
Let me say that I am absolutely NEW in the real estate industry. With that said I've decided to venture into real estate wholesaling as a start to build some income. My question is should I get a DBA...
Steven Dicker
1065 tax treatment for propery developers
If you are in the business of property development, are sales of homes held over one year considered capital gains, or ordinary income? Also, do you depreciate rehabbed property that you rent?
Thanks,
Steve
David F.
Question about Subdividing Property
I’ve found an ideal land deal for $300K in a prime location I’d like to buy and develop. I’d like to, in time, build 3 quadplexes on the land and rent out the units. I’m not selling any of them. However, I don’t qui...
Dan H.
Poll: porch pirate or strange coincidence
This is not really news or current events that would be of interest to most RE investors. It is a story of a potential porch pirate. My home has 2 private streets, one that leads to my driveway and the other that g...
Adrian Chu
Why would developers build on leased land?
Why would developers build on leased land when you can build on land you actually own?
Lee Foster
Columbus Ohio Rentals
Fellow BPers, need some guidance. Our primary residence is near a large mall in Columbus Ohio. We just received notice that a developer plans to build 3 story apartments in a 3 acre lot that buts up to my neighbors ba...
Mark Caragio
Due Diligence Contingency in a Purchase Agreement
We recently accepted an offer to sell a property, and there is a 30 day "due diligence" contingency.Being that we are selling as a development opportunity to a developer, I'd like to know under what conditions the buy...
Michael Harris
Paid off Rental property- 100 years old. Next steps
Hey all, I have a paid off home in historic downtown Flagstaff nearing 100 years in age (1930 build). I am exploring options between :1) Keeping as long term rental and using HELOC to obtain other properties while dea...
David Troust
When do I include my chosen GC in the process?
Greetings BP! I'm thrilled to be posting for the first time, as I'm in the early stages of getting started developing rental properties in the Washington, DC / Frederick, MD area, and have a question about when to in...
Evan Dyer
Advice on getting started in multifamily, and apartment complexes
Hope all is well, and everyone is staying safe! I'm new to biggerpockets as well as real estate investing, but have a gained a real interest in it. Im 22 years old, and currently in school finishing up my masters in i...