Mark H. Porter
Stepped-up basis going away
Good morning, regardless of what happens today, there’s a HUGE bill due from covid.1031’s, capital gains, and now the stepped-up basis could go away. Rather than people thinking I’m coercive, please just google “step...
Joseph Hartley
Jobs that will develop financial literacy skills
Hello!My name is Joseph Hartley, and I’m just starting out my journey in real estate. I’ve been learning a lot about house hacking, and I’m seriously considering purchasing my first house to rent out soon. However, I’...
Hersh M.
History Of US Real Estate Bubbles
Recently while looking for resources on past real estate cycles, I came across below 2 articles.1. http://www.businessinsider.com/the-economic-crash-...This article has a lot of data but is missing the explanation for...
Chris Jackson
Closed a 56 unit yesterday - 88 units for the year - 4 lined up
Ended the year with a 56 unit close yesterday. Super hustle to get it closed by end of year or else some penalties (even though we weren't the ones dragging our feet) heh.Closed 88 units this year. 20 of which were SF...
Mindy Jensen
How Do Capital Gains Taxes Work on Seller Financing?
A friend is considering selling a duplex purchased at the bottom of the market. They're not interested in a 1031 Exchange, they want to sell and be done with investment properties.They are not opposed to seller financ...
Russ Sandifer
IRA LLC as owner in MMLLC | % Ownership | Taxes | IRS Rules
I have a duplex rental under contract. I plan to close in two weeks. I am set to purchase the duplex outright with my SDIRA. My current custodian is prepared to wire the funds. If time allows, I'd like to create a Che...
Abraham Williams
Hello from San Francisco
Hello Bigger Pockets People, I'm Abraham Williams and live in San Francisco. I started investing in single family homes (probably the last time I spell that out here) in 2007 and have properties in Denver, Oklahoma Ci...
Brandon Hicks
3rd time's a charm!! I just closed a 12 unit apartment complex for under $1500 out of pocket!
I'm a buy and hold guy with 42 units and I've built my portfolio by purchasing with no-money/low-money down land contracts and eventual permanent financing from my local bank. The process for how I structure my deals ...
Isaac Passmore
House Hacking and Paying Extra
Is there any penalty for paying down a mortgage early? I'm trying to get started in DC and the down payments needed for a conventional loan is 20% however, for a standard duplex that's in the 140k-300k range. I'm not ...
James Denon
Water sub metering in Massachusetts
Hello Fellow investorsI am going through getting the 3 family rehabbed in Springfield MA. The goal is to have it as a long term buy and hold cash flow property. It is in a class C neighborhood.There is major plumbing ...