Hi Guys,I have recently started out in wholesaling and have been doing some extensive reading and research and had a few questions to ask someone who has any experience in this field. I have purchased a list now and w...
Wondering how people close in one day when title work takes a minimum of a week or two. Do you not use a title company? Thanks
I have been constantly trying to do research on prospective countries and to see what type of real estate is hot in certain markets/counties and possibly not in others. I have been looking into Latin America mostly bu...
Hi, guys, I'm from NYC (Brooklyn). I know the NYC market is very expensive for newbies like myself and I feel like I may have to look outside of the city to get started.I currently make $42k year and have 32k in savi...
What is the tax treatment for the different income streams from Lease Options? Is the Option fee self employment income (business income) when rec'd by a "future potential buyer"? Can the monthly income be "rental i...
This is a revision of my old post on this timely topic. Timely because January 31st is the deadline.
Sending 1099-NEC (formerly 1099-MISC) to contractors and vendors
2024 update: While not directly related...
I have a tenant that is coming up on lease renewal. They’ve been there 2.5 years and I haven’t raised rent on them yetThey’ve been adamant in the last they can’t pay more. Taxes have gone up of course. I don’t feel my...
Hello Bigger Pockets Community!
I have my second investment property under contract (a win in itself given this crazy market!). I have a business partner that is also joining me on this adventure. We are now look...
We have owned a home for over 8 Years and rented it for the last six years in California. Can we occupy for the next two years and then sell as owner-occupied to avoid capital gains?
Hello Bigger Pockets Philadelphia Community! Let me introduce myself. My name is Jack Perfett and will be moving out to Philadelphia for my first job out of college in May. I have been studying any source of real esta...