Brandon Coffman
If I invest y rental income into buying another property
Hi, I have yet to invest in my first rental property but this whole tax situation is started to scare me away. Are there any good books on Rental property’s and taxes? We’re can I find a good CPA?And the big question,...
Rebecca Pillsbury
Real Estate Broker License Test Prep Course
Hi everyone,
I am not sure if this is the right place to ask this question, but I am looking for recommendations on the best (and most affordable) test prep course to take from an agency-approved real estate school. ...
Laxman Molugu
Rental/comm property, cash out loan's interest tax deductible?
I bought a property with all cash at closing, after few months, later after finding the tenant I went for a cash-out refi, and took 90% of my investment (as it appreciated value little bit). Can I show this new mortga...
Lee Henson
Failures with partner buys
Hello everyone,This is my first post and I am looking for insight and mistakes that you may have seen when paying properties with friends/group. Short back story. I have listen and read on BP before but never posted. ...
Ed McIver
Buy and Hold with gravy
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $105,000
Cash invested: $30,000
I was contacted by a wholesaler who had a lead on the property. The property...
Joe Van
Mobile Home flip in Maine
Investment Info:
Mobile home fix & flip investment.
Purchase price: $55,000
Cash invested: $55,000
Sale price: $69,500
Single wide mobile home project. Purchased the land with a '69 mobil ho...
Jesus Villarreal
Deal or no deal? I'm thinking pass
3 bed , 1 bath , attached garage , nice fenced in back yard with a little over 1,000 sqft.
The seller is very motivated and says she's wanting 20k or less. Very good rapport with seller so far.
After l...
Jessica S.
Quick Tax Question About Flipping
I will be closing on a cash purchase for a fixer in 2013 which I will be flipping in 2014. How do I handle this tax-wise?
Is there any problem with deducting an expense incurred in 2013 on my 2014 return?
...
Gene Seifert
New guy needs explination
Equity/Spread: $139,000
After Repaired Value: $495,000
Cost of Repairs: $0
Asking Price: $356,000
Seller is willing to give back $85k and pay 1% towards the title policy. Seller states that closing cost won't be any ...
Account Closed
The 70% rule and buying with cash
Does the 70% rule of thumb apply if you are buying with your own cash or get really great rates from a portfolio lender?Thanks,Nir