Found my 1st flip. Its pre foreclosure. I am concerned on the taxes I will have to pay on the flip. expecting to profit 100,000.Any help on a strategy to lessen my tax burden would greatly be appreciated.Thanks Steve
First Flip in the US – Florida - Success Hello colleague’s investors,I’m writing to describe our first flip in the US. We purchase the property on Nov/16 and sold on May/17. The numbers were: Purchase: 65,000 Reha...
My wife and I have decided to purchase our 2nd property, Quadplex. This is going to be our 1st landlord property.
The Quadplex we have in mind has significant positive cash flow after mortgage and all operating expe...
Great to meet the BiggerPockets community, from my initial glance it appears to be a dynamic and friendly group.My name is Brian Pownall and I reside in north Houston. My background is a Texas A&M graduate who has...
When have I learned enough or read enough books to start investing? I feel like I need to learn so much before I can get into the real world and close on a deal. I know I can always learn more but I keep saying to mys...
Hi Everyone,My name is Danny and I just joined this forum and the Bigger Pockets website this week. I just wanted to introduce myself and I look forward to participating in this forum and learning all about Real Estat...
Hello. I am beginning the process of looking for my first investment property. I live in Ca which is very expensive. I am interested in investing in Washington state as well. My questions are, is it a good idea to inv...
I am just learning about wholesaling and want to "drive for dollars" and give it a try. Is it legal in Florida without a realtors license? And do I need a pre qual letter to show proof of funds? If so will a hard lend...
Hi there. So this is my very first post here and I've been voraciously reading everything real estate investing for the past week (so I'm VERY new to the idea). Although I'm new to the investment business side of thin...
Wondering if anyone has words of wisdom for me regarding lowering my DTI ratio for the sake of future financing. I've always worked under the following givens:-I try to leverage as much/best as possible, therefore hav...