Using basic numbers, assuming I sell a property for $10M and after cost basis is accounted for and mortgage is paid off, I have a net taxable gain to me of $3M.I'd like to purchase a rental lake house property for $1M...
So i was researching about passive losses and i found out that i cant claim passive losses if i dont materially participate in the property or (if i am not a real estate professional). How can you show material partic...
Hello BP Members-I am working with a prominent short term Fix & Flipper based in Atlanta, GA who completes roughly 8-10 projects/month. He uses Hard Money for some projects but prefers Private Lenders if possible...
Hello BP,I have identified a property close to home that cash flows $150~ monthly after all expenses. My question is, is it a good idea to purchase a rental property with a friend? We've been great friends for 4 years...
I found a .99 acre lot for sale by a motivated seller. The land is in a small neighborhood with a few other lots and houses in the 150k to 160k range. The lot doesn't have a septic or well and has some small trees on ...
Hello BP family:I decided to invest in rental properties out of state using a turnkey company, from what I read seems like I will need about 20% down or close to 30k, so I decided to get a night time job part time as ...
I bought a duplex in the general Portland Area back in 2015 and it has appreciated due to market + forced appreciation through a remodel by over $200,000 in the last 3 years. My income is $1600 per month after my mort...
Let me start by saying I love real estate! It provides so many opportunities that would otherwise be unobtainable by ordinary people like me. So I have jumped into it looking for as many opportunities as I can find. I...
I've been working with investors, and some prefer to do minimal work, while others prefer a blank canvas or a full gut. I'm curious about the reasoning behind the choice of renovations. Are there better returns for a ...
I am really interested in pulling the trigger on what I think is an awesome deal. 3 bed 2 bath 1600 sq ft property on a golf course lot. It is in an amazing private neighborhood, matter of fact my real estate mentor i...