Don Sheppard
1099 to seller after short sale???
I'm hoping to find more information about a seller receiving a 1099 and being responsible for income taxes for the difference between the sale price and the outstanding mortgage during a short sale. Does this always t...
Zach Ataiyan
Condominium Association Lien Foreclosure?
Hey everyone. I am newer to BP and real estate investing. I am still trying to figure out my niche and so I am analyzing all the deals I can. Can anyone tell me what the listing below is indicating?NOTICE OF CONDOMINI...
Joshua Greenwald
My First Invest! Want 2nd Opinions! Creative Lease w/Option, CT
Hello all! I am so excited I think I have found a great first investment property. The seller is a serious "don't-wanter", and he's ready to leave it to me and move to the other coast of the country. I would like the ...
Samuel DeMass
Capital Gains - Simplified
Hey BP,I'm having a hard time visualizing the taxable capital gains on the backside of owning a property.Here's an example to help simplify my question:What gets taxed when you sell a property?Lets assume the property...
Matt Alvino
Bigger Pockets 90 Day Challenge - A Success Story
Hey everyone, Closed on my first investment property just shy of a week ago. A big part of my success, besides the podcast, was committing to the 90 Day Challenge. I started on Jan 28th after a Brandon Webinar, made m...
Vik J.
What are Durham rents like for townhomes?
I'm considering investing in a rental property in the Durham area. My price range is 220-240K and less than 5 yr old construction. Of all the matches, 3 bed town homes (1600-1700 sq ft) seem to match my criteria the b...
Will Wilson
Investing Out-Of-State with Property Management
Hey BiggerPockets, Looking for some insight on who has invested out of state on properties that are run by a solid property management company? I’m looking at several different areas around the country to get my best ...
Dana Chun
Purchasing a new duplex... raise the rent?
Hi there,
I am in the process of purchasing my second duplex. It's identical to another one that I own right next door. I am currently charging 1350 / month and most of the renters are college students. I ...
Vik Desai
Have any of you tried setting up a for pay hotspot/ WISP to make some money from providing WIFI?
I wasn't sure where to post this, I hope it's the right forum.I've got a friend with a 20 unit trailer park set up, and I was talking to him about setting up a wifi hotspot to make a little extra money on the side.htt...
Anthony L.
College student buying first rental property
Hi,My partner and I are both in our second year of college. We found a pretty decent starter house that we are very interested in. It is a duplex with nice tenants and a lot of important things replaced within the pas...