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Taxes implications for buyers and seller on Seller finance deals!?I’m working on a seller finance deal and have some questions on Taxes.Seller: Family member Seller’s Purchase price in 2009: $180,000Property owned fre...
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my current cpa has been in the business for 40+ years. He’s about 70-75 or so. This year I just felt like it’s complicated to keep up with my invoices and give him itemized numbers. he wants it broken down specifi...
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Hi Gang,I have only done a few single family properties up until now and am looking at some multis. I found a fourplex that I think is a deal but wanted to run it past my "partners" at BP. Property is in Columbus Ohio...
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I have someone who is trying to qualify for an FHA Loan. He has a credit score of 680, but has 5 credit cards, most of them close to their limit.
He is coming into some money and can pay down some cards, and asked m...
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Hello PB,My Partner Mike and I (Chris) are moving steadily through our first deal. We acquired through seller financing a two-story mixed use commercial property totaling 8,000 sqft, located at 77 South Street, Bethe...
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Hi all,I am an RE investor in the Houston area, with two SFR properties and they are both rented out returning decent cash flow per month. Last year I became part of an investment group whose primary goal is to acquir...
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Hello Investors,I would appreciate some advice on my situation below. I would like to know if it makes financial sense to take my ex-tenants to court for late rent payments or just cut my losses and move on. Here is m...
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View reportHi everyone. I'd greatly appreciate your advice and ideas. I'm wondering what a good purchase price would be on this duplex along w/feedback on my numbers/ideas/red flags/etc. The final numbers don't look g...
BP Help!
I finally got my inherited semi detached SFH (C+ working class neighborhood) ready to rent out but the attached house sticks out like a sore thumb and I believe the tenants do it on purpose as a deterrent an...
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Warning: If you're not from Ontario Canada, your advise is probably useless here. You have no idea what "tenant friendly" means.I am working on a deal with a triplex... there's a slim chance that I can make it happen,...