Tyreese Brown
CHAP Tax Credit in Baltimore
Hello BP!Is anyone familiar with the CHAP Tax Credit process in Baltimore, MD? I just got my next project under contract today, and it's located in a Historic District. I pretty much have read all the requirements a...
Bienes Raices
Question about getting a real estate license to do flipping, etc.
I was thinking about getting my RE license just so that I could obtain MLS access and have an advantage over other buyers, but there were a few things I was wondering about:
1) Is there a long lag time from the time ...
Alex Corral
Selling a personal home before 2 years
Hey guys, I am thinking of selling my home. It's a particular situation. I have lived in the home for 12 years since it's my moms. Last year, I refinanced and took the house over. Only been on title technically 1 year...
Kenneth Rogers
Steps required to acquire tax lien multi family properties?
I am currently taking advantage of the marketplace tool here on the BP website for finding foreclosures and I've come across some multi family properties in my particular area, Akron/Canton region in Ohio, that sho...
Taft B.
LLCs and Accounting Strategies
Hello all!Newbie here looking to get my first few properties this year. I would like to learn more about setting up a LLC (or other legal entity) to own the investment properties and accounting/financial strategies to...
Amir Navabpour
What costs can I add to my cost basis when selling a property?
Trying to decide if its worth the 1k fee, and the hassle of beating the 45 day window to find a replacement property that the 1031 rules call for....Bought the property for 112k, and it will sell for 148kI am creditin...
Matt Tallent
What is my tax loss good for?
Hey all,2018 was my first year investing and I took a loss on my first property because there were repairs and upgrades I wanted to make. I’m taking a loss for 2018 and want to know what the loss is good for. I’ve hea...
Kevin Lefeuvre
Price Trend in California as a consequence of the new tax bill
The new tax bill limits state and property tax deductions to $10,000 and mortgage interest deduction on mortgages down to $750,000. This could negatively impact appreciation of RE in California. 1) How is this impacti...
Oliver Monnet
Difficult to start in a country where stamp duty are 16% !
Hi Everyone, It is a honor to be able to write on this forum, i hope this message find you well.I am looking for good advise from qualified people that have experience in this matter, and i belive i found the right pe...
Derek Luttrell
Taxes for Renting Bedrooms
Hi everyone, I closed on my first purchase about a week ago (house hacking through roommates), and today my roommate sent me their $900 rent for August via Venmo. Rookie question here, but what do I actually need to d...