Matt Mimnagh
Hey IRS, keep your dirty mitts off my $50k!!!
So I have two deals closing this year that are going to net me approximately $50k. I'm trying to figure out a way to avoid paying too much tax.The first property is an empty lot that I got for free when I purchased a ...
Brandon Craig
Tax implications for owner financing
Hi all. I was wondering if someone could explain the tax implications for both sides of an owner financing deal for a rental property? I am just starting to research this financing strategy and I'm wondering how muc...
Adam C.
Finding 1031 investors
I'm an associate at an investment sales firm in Dallas. A long-time client of ours has asked us to sell his Walgreens in Memphis, TN. I know that a large portion of people that buy these are 1031 buyers, and many ar...
Suhendri U.
Negotiate MF deal so we have cash for repairs
Folks,Need advices and opinions from expert on what term to negotiate. Here's the deal we are working on.Multi family, sales price $240,000-Monthly rent $2450 (tenant occupied 100%)-Annual tax $6382-Annual insurance $...
Jason H.
JV Split, Settlement, and Capital Gains
Hey there BPers,Question: I'm JVing a deal (50/50 split net sale proceeds) and I am curious as to when this split should occur to avoid incurring any unnecessary capital gains taxes. I'm assuming the 50/50 checks wo...
Gabe R. Gonzalez
Equity in a deal in exchange for sweat equity
What's the best way to structure a deal if I were only bringing sweat equity into the deal? I have an open offer to kick in some sweat equity for a larger multi-family deal, should I find something that works. How and...
Deanna McCormick
JUST Sold it, Contacts are your biggest resource
Just sold it after personally being in the rental business as a landlord, property manager for my family's rental business I finally sold the last rental property we had. Besides working for the family business I had ...
DJ Cummins
I'm taking the plunge, signing up for Illinois RE license classes
Well, I have been mulling this over for several months, and today is the day. I am signing up to take my Illinois real estate classes(online). I am going to work part time(but as a member of a team...my business par...
Michael Fitts
Hello from Vermont!
My self and my fiancé have recently been seriously thinking about flipping houses as well as getting into rental properties. My background has been split between two professions, one being sales to include everything...
Naseera Mohamed
Bank approval in a short sale
It has been 80 days since I made an offer on a short sale house. I have a 90-day contingency for the bank to give an approval. I feel the seller is playing games with me. About a month back , her agent told mine that ...