Nar Rav
Tax on rental property capital gains
Hi,I brought a rental property in California under company A (paid in full). Suppose, I‘m getting $12, 000/year ($2k/month) after deducting all taxes and expenses. I want to buy another rental property in California w...
Donald Lidster
Advice on partners starting out.
We currently have three to four of us getting ready to go in on flips together. The possible fourth is the money backer and we are hashing out how he wants to be involved as far as just money or splitting profits and...
Jake Davis
Would like some opinions
Biggerpockets community, I'm stuck. Firstly, let me start with a little bit of backstory, for the better half of the last 5 years, I've been a mechanic. I kind of just fell into it and it stuck for a little bit and to...
Jay Hillelsohn
Brrr without an income
I have an investor who wants to help get us off the ground with the brrr method. He said he will invest 300k but he doesn’t want to be personally liable on the loan. The problem is I don’t have an income yet, how do I...
Stewart Beal
Buying Real Estate For No Money Down
The Power of Real Estate and buying buildings for no money down: In 2008 my father did a construction project at 277 Gratiot, Detroit for a man who owned 6 buildings in Detroit's Harmonie Park near Ford Field, Greekto...
Travis Sibley
Online Wholesaling
Hello all,I am fairly new to real estate and am looking to achieve some sort of vertical integration within my current scope of work. I live in Arlington, TX and am looking to wholesale both in the DFW and in Central ...
Darcie Sepko
Advice for newbie, single mom
Just became a single mom this year, currently unemployed and wondering how to invest my total savings into a multi-family property. I have a significant amount to invest but lack stable income which would disqualify m...
Rob Nies
Should I rent my house
Thinking about renting my house. It's worth about 300k and I just replaced the roof and had it painted. The monthly payment is 1500 and rent is around 2k. This would be my first. I have about 50k equity. Not sure if I...
Carlos O.
Accounting Question
Hello all,I currently keep track of my finances in GNUCash, which is a free and open source alternative to QuickBooks, Quicken, etc. I have two books open, one for my personal finances and another for my self-propriet...
Eric Swanson
Real Estate Attorney Recommendations
Hello all,Beginning to start my real estate journey in the Chicagoland area. As a current furloughed federal employee I’m even more motivated to get this ball rolling. I understand through the right strategies, deal a...