I am looking to do my first flip, what is something you guys look for in a successful flip? Also is there any way I can avoid giving all of my property to the government?

Hello everyone,Planning to start shopping for my first property in February 2020 and I had a question about lender/mortgage approvals.Long story short, I took out personal loan of $7,000 in July to cover some unforese...

Hi All, I find the strategy of acquiring property with seller financing (or subject to), very attractive so that I can own property in my local market without a poor Debt to Income ratio. I would also like to utilize ...

Currently i am working through the tax issues (qualified vs unqualified use) with having sold my home in VA and finding it a lot more difficult to get a clear answer than i thought.  Hoping someone here has dealt with...

hello,I'm a land lord (by semi-unforeseen circumstance) of a condo in central Florida. I live several hours away and the property is managed by a group that works out of the condo complex. The management team has been...

I'm a tenant in a house under section 8.  I have been under my lease now for over a year, after the beginning of this year my lease went to month - to - month. I lost my job at the end of last due to unforeseen circum...

Hello BP,I did some research and couldn't find if this has been tried before. I have my first flip under contract but I wanted to run this strategy (I thought of last night) by the BP community to see if anyone has tr...

Hi everyone,I found PLR 200745011 which similarly represents my family's situation with some key differences. I want to request a private letter ruling from the IRS on my particular situation but need the ruling reaso...

I sold two properties last year, one of which was a rental, but both pass the look back test. Would I be able to claim the exclusion of gain for my primary residence and claim a partial exclusion for my renal or vise ...

Hello All, I will be in a very good spot to being building my buy and hold strategy in the next few months and I am curious as to what everyone sees as the appropriate amount to have in reserves when buying your first...