Peter K.
Must 1031 Like Kind Exchange = Sale Price or Greater to Qualify?
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...
Vaishal Patel
How can i show "Material participation" to claim passive losses?
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...
Jeff Studer
Atlanta, GA Fix & Flipper (8-10) Seeking Private Financing
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...
Justin Howe
Buying a Rental with a Friend
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...
Tracy Selfridge
Help me analyze this land deal
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 ...
Marcos Sanches
Saving for a down payment
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 ...
Account Closed
Right time to sell?
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...
Raymond Brown
Starting a Partnership with a Friend. In need of a Contract.
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...
Aliyyah Carter
Do you lean towards light cosmetic renovations or full gut renovations?
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 ...
Edward Kiser
First Flip!!! Need advice!
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...