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After speaking to CPA's, the tax attorney and real estate attorney it's clear I cannot run a dealer business out of one entitiy and create installment sales in another entity without running into problems with the IRS...
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I'm thinking about real estate in the Midwest. If I were to buy a home for $200,000 in the Dallas area, I could rent it for somewhere between $1,600-$2,000 a month depending on location. That could generate a net cash...
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BP, I have a great opportunity to purchase a home being sold by my in laws. They are pricing the home well below market value if it's sold within the family. I'm a new RE investor and feel like this would be a great...
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I purchased a 2 unit home in March for $322k and have spend 6 months renovating. The property was so cheap because it wasn't in great condition and was listed at about 1,200sqft, but was mismeasured and is actually a...
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Hello,
My name is Nick Flanders and I am brand new to real estate investing in New Hampshire! I have been listening to bigger pockets for about a year now and in January I was just about ready to buy a multi family...
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I am wanting to make sure I understand this situation properly. Greatly appreciate the replies!During my home ownership, I have seen significant gains over 8 years. Lets say I want to purchase a new home to live in an...
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Hello Community,I opened an LLC, purchased a flip with it in 2018, had a bunch of issues while rehabbing it, when we were done with it, it didn’t sell quickly, we try to refinance it, bank made me quit claim deed it ...
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I started to invest in multi-family out of state about 2 years ago. Currently owns three properties(two deals) with partners and other investors. I am also a full-time software engineer and love building software. So ...
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Hi everyone, I've been looking into buying a franchise related to real estate. Basically they do real estate photos, drone aerial videos, high quality virtual staging, 3d tours, augmented reality of the homes for sale...
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Hello everyone. I'm trying to get some opinions about a duplex we have. It cashflows $1100/mo after all said and done. Mortgage 72k. agent is confident in 250k sales price. Take the cash to invest if/when the mark...