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Hi, I have been learning real estate for a few years and I have acquired three properties. Thus far my focus has been single family residences. I'm looking to utilize the equity in my current real estate holdings to e...
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Does anyone here have a good handle on tax strategy related to development. If I purchase the land, put in the infrastructure, and hold for more than a year before selling lots, can profit from lot sales be claimed as...
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Wednesday night (Feb 24) where I live had an absolutely horrific thunderstorm / tornado warning. Even with all this my mom and I found a property that we thought could be a good flip. We adventured out into the storm ...
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I am selling financing a mobile home for 1,200,000 at 6.5% for 20 years.200,000 down, 1,000,000 mortgageI will be subject to 400,000 on the recapture tax so I've taken the steps to reinvest the 200,000 down payment.Ho...
So I found this house driving around a couple weeks ago. It had been foreclosed and googling the address brought me to auction.com. We walked around it, and while doing so the preservation company pulled up, they let ...
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I am new to bigger pockets and I have a question about the financing aspect. (I want to make the joke that I have thousands of deals in all 50 states since that's the biggest no-no). I am purchasing a duplex currently...
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Why would a person want to do real estate?
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Hi!So I am set to close in first rental property- but wondering if it’s worth pushing to close in this tax year? Can I write off closing and associated costs in 2019 if I haven’t had any income from the rental yet?Or...
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I investigated, tested humidity and moisture and found no problem. Nothing wet, no stains any where. I realize I might not be seeing it. Had friend who was a retired plumber of 25 years and mold experience with me....
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I have a spare room in a 2BD/2BA apartment. I rent the apartment unit and I am looking to rent out the extra room. I was going to use the two rooms for myself, but decided to rent out the spare room. What are the tax ...