Ivett Soti
How to calculate tax implications when investing in real estate?
Hi,My husband and I are trying to purchase rental real estate properties. We are just learning about it, but our plan is to buy a few of these properties (ranges between $80k - $150k) in the next couple of years and e...
Stephen McCracken
Cashout Refi on Relative's House to House Flip & Tax Ramification
Hey Guys,Just got off the phone with my CPA (out in California)... relocated to Denver a few months ago.I recently refinanced a retired relative's home (I was named co-borrower hence now on Title as joint tenant)My qu...
Bill Exeter
With Year-End Upon Us, What Year-End Tax Planning Strategies Do You Use?
With year-end and the holidays rapidly approaching, I thought it might be helpful for investors to share year-end tax planning/tax management strategies with their fellow investors. We often get so busy at this time ...
Laurence K.
BPO not even close to true value
I'm an international investor from Australia, I purchased my first ever note in November 2015. It was a non performing first mortgage with an UPB of 116k, secured by a triplex in Luzerne County, PA. It was in the fina...
Charles M.
Rent or Flip, that is the question.
Hi Bigger Pockets Community. I am new to the forum and was introduced to BiggerPockets.com through "The Book on Rental Property Investment" that I am 3/4 of the way through reading. I am looking for suggestions/advice...
Stuart Grazier
Paying down principle fast using an open ended line of credit?
Mortgage and lending professionals, I signed up for a program a few months ago that's basically a budgeting tool (kind of like Quickbooks online) that shows you how to use an open line of credit (like a credit card or...
Joe M.
BP Experts-Help me figure out pros/cons of getting from 1 to 2
Hey Experts. Im looking for opinions on how to view a friend's position, pros/cons and ways to think of their next step. Due to his first rental being his old primary, there is quite a bit of equity in it. It would...
Josh Koett
Need Help! Question for Realtors
I want to fix and flip a home. Specifically add-a-level to a single family and upgrade the initial first floor. If the home purchase price is 300k and the ARV is 450k, would a realtor agree to waive the 3% buy commiss...
Geoffrey O'Brian
Contributing a property to LLC with deveoper triggering a 1099?
Hey all. I'm in California and am contributing my property to an LLC. Single member at first (me), then multi-member. There's a managing member who is the developer. We plan to build on my lot and my neighbor's lot.Th...
Christian Halsey
% Buying in Chicago %
Hi BPC,I am currently living in Chicago wanting to purchase a residential multi-unit (2-6) building in the Chicago and surrounding communities. I am wanting to do a creative deal as I have experience with terms and n...