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Hi BP Community,I am looking to partner with people on Long term Buy & Holds (1-4 units at the moment) and I'm finding myself in a bit of a dilemma as I'm trying systematize this process. I realize that for me to ...
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I'm looking into purchasing a duplex from my parents. I had been looking into buying it from them next year on VA loan, and they would do a 1031 exchange to buy a new property..since we have an uncertain future with i...
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Hello~I’m a 35-year-old guy from western North Carolina living in Shanghai, China for the last five years. I save about $2,000/mo. So far, I have been investing all I can in Vanguard funds, but now I’m looking into re...
Can someone explain to me how a 1031 Exchange can be used to fund a deal? What are the advantages?
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Hi all. Planning on heading to Houston TX to make a BRRRR attempt. Maybe end of February. Any reliable agents or wholesalers would be great help! Gonna take a chance and dive right in.
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my question is simple. When flipping houses, what is the thought process on capital gains taxes? A way around? Or just except you are looking up to 35% and move on?Thanks for any thoughts on this.Tim
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So I purchased my second property (first is live in flip that I'm gearing up to flip this year since 2yrs is up) back in mid-November with hopes of renting it out. Now that I've been rehabbing this property and gettin...
I'm in MI. My otherwise great tenant contacted me yesterday explaining that he and his girlfriend broke up. He's been staying elsewhere for a while because he didn't want to kick her small kids out. Now she has mov...
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My question is, as you acquire a property you obtain a significant hit with closing costs. How do you roll that into your monthly, or annual breakdown for net profit?
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I'll make a long story as short as possible:> House built in 2008, first owners used husbands VA loan to secure (220k loan), stopped paying HOA and bank shortly thereafter (current payoff 500k+). SCRA protections p...