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Hi everyone,Newbie here looking for some advice far in advance. I'm planning on moving to NYC (Brooklyn or Bronx) one year from now and buy a multiplex to house hack. I have a few questions I'm hoping someone more ex...
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Hello All,
I'm new to real estate investing and heard some talks from some friends regarding investing with your traditional IRA and/or Roth IRA accounts. Currently, my IRA's are with Charles Schwab (but my current ...
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I saw at duplex today that I've been spying and upon arrival my realtor informed me the owners are going through a bankruptcy. Being on the market 100+ days it looks like the sale of the property would have helped ...
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If you purchase an existing LLC that holds real property do you avoid transfer tax?
Do you keep the existing basis?
If anyone has done this an can elaborate on The pros / cons I would appreciate it. I'm going to co...
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I currently have a 4 plex under contract and am at a bit of a crossroads whether or not I should try to proceed. I am trying to work the numbers on a to-the-studs rehab. The property has 4 identical units, 2 up and 2...
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I currently have 9 properties that are owned in a partnership with one other individual. We own the partnership 50/50. Of of the 9 properties, 6 are financed on a commercial loan together, and the remaining 3 are fina...
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Hi everyone,I just have this thought in my head and I would like to get some feedback from others on the idea since I am a beginner. In my search for properties I am seeing a pattern of diminishing returns on rents as...
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Looking for some advice...
I found a house that looks like a good deal on paper. I learned through the disclosures online that there was an active meth lab in the house. Work was done to take care of that issue (about...
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My wife and I were told that we must issue 1099s for any work that is done by independent contractors over $600 or we may be fined by the IRS (~$100-$600). We so often find a big push back when you request to do this...
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Hello BP nation. I have found what I consider a pretty good deal for a self storage facility. The plan is for my wife to have on site office hours and also have a drop box on location. My concern is the location of th...