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I inherited two homes, both were paid off one was livable, and I now live in it, the other was a rental in TERRIBLE condition. When I spoke with a real estate professional, she said the home would probably sell for ar...
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My wife and I are finally getting started with rental properties after months of research and a lot of property hunting. We're going into contract on two duplexes, with one in her name, and one in mine, for financing ...
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Can an unrestricted AG zoned be used for RV /tiny home park in Houston, Austin and Dallas? Any pockets of smaller cities are more friendly to have that kind of setup?
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Hi BPI am future planning.I kinda know about 1031 exchange but never done one, b.c #1 timing and #2 not cost effective at the time------I bought a duplex that has 2 separate deeds, I am currently rehabbing and hopeful...
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I've seen a lot of excellent threads on the site about business formation and taxes. I was hesitant to post on them because most of the recommendations say, "it depends on the particular situation."I am posting the fo...
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I purchased a 2 acre tract of land right off of the interstate in a small town in Louisiana. It currently has 1 4plex building that rents for 700 per month per unit. They are 800 sq ft and 30 years old. My intentions...
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Hello all, I am just starting out in the rehab market. After reading through page after page of IRS documents I still feel that I am missing something. If we purchase a house cash and I rehab using my Contractors lice...
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Hello BP,So here is my situation:I bought a REO in January 2019 with the intention of renting it out for a little over a year and then selling it. Long story short, my tenants only lasted from February till June and t...
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Hello All,If you purchase a home for a rehab sell it and then use those funds to purchase another rehab and continue going. Do you have to pay capital gains taxes on that profit earned or is that considered 1031 excha...
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Hi Everyone...I was wondering all of you who have done fix and flips in SoCal (particularly closer to LA proper) and ATLANTA area could help me out.I want to establish some rules of thumb for how much certain things c...