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I have a fix and flip completed and sold today but I am not sure how to calculate the actual profit. The cost of the house was 210k I borrowed 34k for the rehab. I would use my own money then the lender would fund it ...
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Good morning. Looking for some advice, suggestions, opinions and guidance. I have recently sold a property and will use it to acquire more in the near future, however, looking to do that In about 6-9 months. Wondering...
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Hello BiggerPockets my name is Troy, I have a very interesting situation and was trying to figure out the best route to take next on my real estate journey. I presently own two renters out right without mortgage and h...
What are the rules for contributing a property into an LLC after the transaction is complete? I have a rental property that I will be selling that is owned personally. I will be exchanging this for another property th...
First time I have sold a rental house. I've always done my own taxes. I have been depreciating the refrigerator, gas range, carpeting and tile flooring improvements separately from the house as they were improvements ...
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I am planning to purchase a foreclosure this week for $161,000 and put $20,000 into it with the hopes of it appraising around $250,000. My original plan was to flip the property and sell it for a quick $40,000 or so. ...
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I am in the process of buying my first property in the next few months and at 6 months in the longest. I talked to a rehab lender and everything seems to be pretty good once I get them money from some of my investors....
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Hi, new member here. I own a home with a mortgage in my name (primary home). I recently started an LLC and am renting the home through the LLC. The home is not in the LLC, how can I have the LLC make mortgage payme...
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Hi guys, need help with our tax returns. We've been going back and forth with the lender and our accountant. We do have LLC; two houses in Huntington Beach with ADUs, STR in Big Bear under our name and our LLC and tw...
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Looking to get some info on Municipal Bonds. I've read they're relatively safe and about 2%-6% ROI. Anyone have personal experience? Thanks in advance.