Dan Tustin
NJ non-resident exit tax of 2%
Hello BiggerPockets community,I have my first investment property under contract to sell and close in early January. I purchased the property initially under my name as it was a HomePath investor loan which prohibits...
Account Closed
Bothersome Continuing Education Question
I was taking care of a necessary evil earlier in the week: continuing education to maintain my MN real estate license. I came across the following question...As an agent who primarily uses my license to invest, this...
Bilal A.
Can self storage facility owner/operator qualify for REP status?
Can a self storage facility owner/operator qualify as a real estate professional if it is their full time occupation, and meet the 750 hour material participation and greater than 500 hour rental real estate activity ...
Brian Kempler
Lease option a junker or only take title?
I listened to a speaker who said he never does lease options on ugly/cheap homes, he only takes title subject to existing financing on those.Do you guys agree? If so would you walk away from a potential lease option d...
Benton S.
Advice on buying rent controlled house w/ tenants Los Angeles
Hello, this is my first post here. I don’t really belong since I’m not an investor but I’m in contract on a tenant occupied property and I’ve found better information here than anywhere else on the internet, so I was ...
Neal Collins
Keeping money in my pocket vs. paying the tax man
Is there any way to avoid paying personal income tax when flipping a house?Could you hold it for longer than 365 days and only be subject to longterm capital gains tax?Alternatively, could you fix it up and call it yo...
Robin Evans
Self employment or long term investment income
Tax season! We bought a property in 2022, remodeled and sold it in 2023, over a year after the purchase. We did most of the rehab work ourselves. Will the profit be counted as self- employment income or long-term inve...
Brittani Gardner
Filing Income Taxes With Note Income
Looking for help on seller financing my primary residence (of 2 1/2 years) when I move out later this year. I have an FHA loan, and have renovated the kitchen.I am trying to figure out how to structure the deal to mak...
Brian Humphrey
Subject to/lease options
looking to get into subject to/ lease options. I know I will need an attorney, but my question is should I start marketing now and find an attorney when I start getting leads? Should I use any prepaid legal services?...
Geoff Woods
The right purchase agreement
Hello BP Members,
Many of us are familiar with the concept of "find the deal first, and the money will find you". However, I am learning that a typical offer will give you escape clauses for inspection/appraisal, et...