I had an idea: drawing up a contract for a private money lender so we could use private money to buy properties at a sheriff sale. It would say something along the lines of "Private Money LLC agrees to lend $500,000.0...
Have any of you ever experienced getting shadowed by an investor/wholesaler/realtor at the public auction and try to steal the deal from you? What to do with a wholesaler/realtor who sneaks into the occupied foreclosu...
Hello Bigger Pockets community, I began investing in real estate a couple years back and recently completed my first fix and flip. I am wondering if there is any good information about the 1031 exchange rules. I und...
BP Tax Gurus,My question is regarding short term rehabs. I know that if you hold a property for greater than 1 year, its taxed at a long term capital gains rate (15% for most people), and less than a year, it is shor...
Has anyone found a good 1031 Exchange company that they can recommend? Solid track record, dependability, trustworthiness, reasonable fees, etc. thank you!
Hi BP! I'm looking to find a private lender that is open to doing some creative financing for a commercial property that I would need to do a quick close on.There's a commercial property that is going into a foreclosu...
Getting conflicting information on this subject. Both husband & wife on W2 income w/ one rental property.Does creating a LLC help with a lowered tax rate for the rental income? Very sparse information on this subj...
Hello,I'm new to this community, and value the knowledge base here! My husband and I own 2 rental properties (1 has been rented for 10+ years, and the other for 1+ year). The newer property just isn't cash-flowing the...
Hello BP family, my very first post and interaction on here. I hope this works, this is actually for my brother, he is looking to sell a rental property and wants to avoid paying capital gains. Does he have to use t...