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I am in escrow on a commercial building for a value-add deal I am developing and will get an acquisition fee from the LP I am partnering with. How is this acquisition fee classified tax-wise? Is it ordinary income? ...
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For the past 4-6 months or so I'm getting more and more profitable development deals in Los Angeles county. Since we only rehab (mostly high end properties) I don't know what to do with these off-market opportunities....
Good morning, BiggerPockets!
First, let me save you the trouble: you are not my attorney nor my CPA and any advice given is for educational purposes only!
Second, thank you for taking the time to respond. The shari...
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I apologize if this topic has been addressed before .
Would love suggestions on this topic - my parents are getting to that age where their house (mortgage free) is getting to be too much for them. I'm their only ch...
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Hey everyone, currently living in a house-hack (over/under - we live in the upper unit). Original plan was to move on after a year, but we really like the area. Problem is, it's a wood frame construction, and the nois...
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Hi Bigger Pockets community!
I recently joined Bigger Pockets because I see that’s there’s great information for beginners like myself and the community.
I’m currently going through a small dilemma and ...
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Hi, I am really new here to Bigger Pockets. I have been a member for a few years, but just recently starting gaining Huge interest in the podcasts. I am changing day jobs this week and that will give me the opportuni...
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My goal is to produce $3k/month profit from rental properties while spending less than 1hr/week on management (e.g. engage a property manager).
I could buy a couple properties in cash, or buy several properties with ...
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I get involved in A LOT of side discussions (when a thread goes off the rails and away from the original post) on BiggerPockets. Whenever it happens, it happens because an investor either doesn't like the delivery of ...
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Here's a question for developers and brokers - how much is the average price/ft for storage units?