Andrew T.
Advice: hold or sell?
Beginner seeking wisdom from seasoned investors/professionals :)Context: I currently own a condo (A) in Toronto valued at 470k, owing 170k. Currently rented, net + 445/month. The market is on fire which, admittedly, h...
Seth B.
What do you guys think of this deal?
Hello All,It's been a long while since I've been on the forums, but I have finally decided to get serious with purchasing a duplex this year. My apartment lease is up in August so I have set a goal to be in a duplex b...
Joel Brown
Omar’s rent forgiveness bill
I’m sure everyone is excited about Rep Omar’s bill to require forgiveness of rent for up to a year. Of course your primary mortgage would be forgiven ( if you owe money) and you might get partial relief from your rent...
Richard Licon
Tax Lien Investing, what is the best way to learn and invest
I am wanted to learn more about investing in Tax Liens, where is the best education on this subject, went to TaxLien BuyersClub meeting this weekend, sounds good they want about $1800 to join, but I am skeptical about...
Jordan Bateman
Met with seller of a house today, he's homeless, this gets interesting
Back story:
Today I was making a trip to go change the locks on a few houses I bought at this months County Auction.
While out in the area where I've purchased quite a few houses, I noticed a rundown house and chec...
Casey Spence
How best to use $650-850K Equity in my personal Home to buy an income property?
Location: Boise Idaho Market
Current Pay-off: 348k (does not include the 77k HELOC below)
HELOC: Owed 77k (with a 9.74% variable interest rate)
Current Monthly Payment (Including Taxes and Insurance): $2411
Term a...
Robert L.
How to report flip fees in LLC tax return
Hi, I know this is a question for a CPA and I will schedule a meeting with him, but in the meantime, I wanted to see for those of you who might already know....I have an LLC that contains 5 properties and I have been ...
Eric Cruz
Baltimore wholesale deals
Hello BP, Today I was contacted by a motivated seller I never done a deal so when that phone rang I froze. I eventually got myself together and asked questions, but didn't really know what to ask. I know she owes a co...
Mindy Jensen
What is UBIT? Is it only for SD IRA?
Most of my RE is invested through my Self Directed Solo 401k. I've seen the term UBIT thrown around, but don't fully understand it. I don't think it affects my life, so that's good but I want to know about it anyway....
Mack Fleming
Real Estate "Dealers", Installment Sales, Deferred Taxes, and the IRS
The IRS does not allow real property Dealers to use the Installment Plan method of accounting. This means that if the Dealer does an Owner Financed sell, he/she is responsible for the tax liability for the entire pape...