I am trying to buy a HUD property (first time )
I understand obvious fees like state government fees,
but, on a Cash offer , what other fees might I get hit with
Massachusetts
question
The closing person, who pay...
I currently own a single STR that I rent through Airbnb and VRBO. I'm looking to add 2-3 more properties this year and I've gone through various calculators to analyze my deals. But, one thing I notice is none of thes...
Hi guys, this is my first post as I'm a newbie to this forum, but not Real Estate Investments.
That said, with so much debate regarding strategies on building wealth (appreciation / cashflow / flipper / etc), how muc...
Let's say I was an LP on an apartment complex that sold this year and while answering TurboTax's questionnaire, it asks for two very fundamental bits of information - the Adjusted Basis and Final Sale Price. As basi...
Hello all, I bought a house flip with one other partner, taking title as Joint Tenants. We agreed to split the profit 50/50, as he found the deal and worked with the seller, but didn't have the capital or expertise to...
I own many SFH rentals and when preparing my 2020 taxes, learned about the 20% qualified business income (QBI) deduction. Yay! I think I need to use the aggregated business safe harbor in order to meet all requirement...
Hey all I have searched the forums but don't seem to be finding the answer I am looking for. My question is related to a commercial mortgage with three partners holding an apartment building in an LLC. Since the LLC i...
Hello BP community,
I was hoping to ask the veterans and those more experienced than me on this subject. The question is in regards to depreciation with multiple properties. Lets say for example you have two SFH wor...
Hello bigger pockets I currently am self employed and a small business owner net income of 71k a year on paper,50k saved up and 700 credit score. Im 29 years old I want to crest a net worth of 1 million by 38 years o...
I am shortly doing a 1031 on an investment property and really there's not a lot clear on how you compute the cost basis of the replacement property or properties. From best I can tell the cost basis for the new pro...