I just sold my first fix and flip in December 2016. I had a private money investor on the deal (my dad). I'm trying to figure out how to report this on my tax return, and how he should report it as well.I owned it fo...
from what I understand in a double closing there are 2 sets of closing costs. while the transactional funding I am using will cover the first set of closing costs I don't think it will cover the second set of closing ...
I'm new to investing and hopping to start my first purchase this summer. My question has to do with hard money lenders. My initial thought is this would be a great option for me. However I'm not sure where to ...
Hello everyone, Looking to get a little insight into what things I should take into account when selling a property. Short version... I have owned this property for 8 years, 7 as a rental property. Monthly cash flow i...
I am considering partnering with a contractor on a rehab and need some ideas on how to protect my investment in the property. The contractor used a hard money loan to acquire the property and would like for me to ...
On 5/3/2023 the City of Kansas City, MO announced that Short-Term Rentals will be completely banned in ALL residential zoning! I had not taken it seriously until I read a couple of articles outlining their plans. Mo...
Hello everyone! I'm not sure how long I should make this, but if I figured if I'm looking to work with other people, it would be good to clearly state what I'm after!My name is Elliott Joyce and I am making the jump t...
Dear BP Community, I am looking for some advice on the best business structure for a Property Flipping business soon to be established in Texas. I am reasonably new to the US real estate market and thus would apprecia...
Hi Guys, Have any of you ever felt yourself hitting a wall when it comes to your investing goals?🙋🏾♀️I have been thinking a lot about finding an investment mentor to talk some decisions through with but for the fun of...
Hi all, I just upgraded to PRO today! Taking my first step towards REI and flipping. After researching, I cannot find the exact answers I need to for my questions, hoping you all can help! I think I found my first hou...