Account Closed
Taxing a flip as a rental by leasing the unit prior to sell?
At what point is it determined, in the eyes of the IRS, how to tax a flip? For example, if we buy a property with or without the intent of renting it out, and after rehab we place a tenant in the unit, can we sell it ...
Nick J.
Don't Campaign For Votes......MUST READ!!!!!!!!
I wasn't sure if I was allowed to put in the title: Don't Whore Yourself Out For Votes. If I could without risking getting booted, then I might have. I think Josh gets so tired of me sometimes, he'd love to boot my @s...
Terron Winn
Good Morning; Good Evening Bigger Pockets family.
Hello all, My name is Terron and i have a background In Business Management with little to no experience in Real Estate investing. Currently I am living in my home that I have purchased in 2011 and now it has accumula...
Alan Mackenthun
To swing a hammer or not?
Brandon Turner instigated an unofficial Bigger Pockets meet up last night in St. Paul, MN. It was my pleasure to meet Brandon and a number of other local BPer's. Later I found myself thinking about something Bra...
Kurt Granroth
Why invest in a deal with a tiered Class A / Class B split?
Class A / Class BThe practice of splitting the LP investor equity group into Class A and Class B (sometimes: "Series A" and "Series B") tranches is already extremely common and seems to becoming almost ubiquitous. Ins...
Alexander Knox
Success in Rental Arbitrage
Hi all,
I am curious about how people are successfully operating rental arbitrage businesses. I own multiple rentals in the south/mid west and recently I was approached by an aspiring arbitrager to lease out one of m...
Gil Ganz
Buying properties with cash, selling them owner finance
HiNot sure if this is the right subforum, let me know if there is another one more fitting for this question.I have recently been exposed to a method of investing, buying properties with cash, then selling it quickly ...
Brian Gibbons
Tips from Brian Gibbons re: Creative Financing (LO and LP)
I have been at another forum writing about "creative financing" at the Creative Financing Forum.Here is the intro:It is the spring and I thought I would give a primer on "creative financing" for the BP community.I wil...
Chris Purcell
Do you raise rent on good tenants?
My theory is if a tenant pays on time and takes care of the house, leave the rent alone until they move on and then adjust it for a new tenant.Have heard so many times from friends where their landlord raises it and t...
Andrew James
Carribbean hot spots within the next few years
Hello, I am fairly new to bigger pockets and this is my first forum question. I was wondering if anyone has experience with traveling to the Caribbean or buying properties in the Caribbean. I am wanting to purchase a ...