Account Closed
What is Sweat Equity Taxation in Real Estate?
Sweat Equity Taxation in Real Estate Investing:
Real estate investment is a time-tested method for wealth creation and financial stability. While many investors use cash to purchase properties, others opt for a diffe...
Jared Paul
Do taxes change based on purchase price?
Hello Everyone!I am in the process of closing on my first multi-family property in the next couple weeks and I am about to put in an offer on a second.I was curious about what/if there is any change to the tax rates o...
Tavish File
Nees help Understanding sweet equity seller financing option
We have been proposed a deal where we would renovate the sellers duplex from a 2 to a 4 and while doing that, our sweat equity would earn our down payment To purchase the property through them. Has anyone ever done a ...
Rama Mulpuri
Looking to buy in Plugerville or Round rock
Hi, I have been on Biggerpockets and reading all the information i can get.We are getting ready to buy our first out of state investment property and looking in Austin.Looking for advise on which area is better, RR lo...
Katie Camargo
Under contract on a Home in Flood Zone A - should I bail on the contract?
I am under contract on a home that I plan to rent out- numbers look solid, but I just learned that it's in flood zone A. It is lakefront, but I'm wondering if I should bail. Insurance changes the numbers enough that i...
Cristian Aviles-Morales
[Calc Review] Help me analyze this deal
Hi BP,I have found a Condo that I am analyzing. But maybe I'm using the calculator wrong? The listing price they want for it is $180,000. If they're willing and accept my offer of $150,000, I'll have a cash flowing pr...
Michael S.
HELP! Trying to make an offer on a REO Property
Hi BP,I just looked at a REO property with a realtor. He said there was 5 offers on the propertyQ1: Can/Do realtors actually lie (or exaggerate) about the offers they have? This property has been listed for 45 days (e...
Luke Weber
Formulas don't work, every deal is different
When I am dealing with wholesalers or Realtors they almost always ask for my formula. I tell them, there is no formula, if you think it is a deal, send it to me and I'll run MY numbers on it and let you know.
If it ...
Jacqueline Coombs
Help! Grand Rapids MI dual use property options?
Hi, all. I need some help deciding what I can do with a deal brought to me by a friend. Property is a two story with a one story side-addition, 3200 sq ft, century-old storefront-type building with 2 1-bed apartments ...
Sky Lin
Down payment for condo
Hi, BP. I am in Phoenix AZ.I am trying to buy a condo in Phoenix area for short term rental. Property price is $125,000. How much do I need to put down? My credit score is 740 and upMy lender told me it is easy to qua...