I will be selling a flip in a few months and will be very close to the 1 year hold mark on the property.Other than dumping more money into the property in order to increase the amount of write-offs, does anyone have a...
I have a very basic question (almost sounds silly), I keep hearing property prices always go higher in the long term (not referring to short term fluctuations). Apart from that's how its been historically can someone ...
Hello, I am new to the board need some advice. I purchased a dozen rental properties over the past 3 years during the times of easy money.
Once of my purchased was a double that I paid cash for. $29k purchase price....
I was reading about and researching this over and over again, books, IRS pubs, here, elsewhere. I cannot get a conclusive answer even in forums with seasoned CPAs debating this topic.
That much is clear:
- If you hav...
Last week I pulled the plug on the purchase of a fourplex during inspection because the numbers weren't going to work out if the RE market dropped much and the property needed rehab the owner didn't want to deduct for...
Hi BP community,Just yesterday I passed my MA real estate salesperson exam! I just want to say that with effort and determination, anything is possible.Now, I am also reaching out to the BP community for tips and advi...
Hi all! My fiance and I have been listening A LOT to the podcast. One of the main takeaways we learned is "owning a home to live in is not an investment, it is a luxury." A little background... we live in Orange Count...
I have held a triplex in Berkeley since 2002. It was the third property I purchased. It has about $2 million equity and a $550K principal balance. It is like a very extended BRRRR. I am finally ready for the refin...
I have used my ROTH, housed at Equity Trust, to invest in properties. These properties require extensive renovations. Getting to the funds and paying contractors timely is an issue with ET and assume this is an ...
Hello All,I found a SFH that fits the formula I have for buying property and the asking price is good. Unfortunately since it's in a hot market, there are already multiple offers. I dont want to dramatically over pay...