As we already know: Alabama Tax sales allow immediate possession upon demand - but when the demand is not met within 6 months of tax Certificate purchase (with demand), then the tax purchaser must file ejectment. Ill...
This should be an easy one for someone to tackle, but I'm very new at this. I close on my first investment property next month. Not sure whether to flip it or rent it due to tax considerations. I understand that if...
I am talking to a potential seller who has approx. 20 units in the form of small multi family dwellings (duplexes to quads). With failing management and poor returns he wants to sell but doesn't want to pay taxes on ...
Hi everyone!
I am new to BP and the Irving TX area and have 2 RE investments atm. I found BP through an interesting blog about fidning the right CPA and to be honest it seemed kind of general in nature. One of the...
Hi everyone,I am new to the real estate investment game and recently bought my first home. I am renting out one of the rooms as a house hack and had a few tax questions as I work to keep records:1. How does depreciati...
Hi BP community. I have 4 rental properties currently and wanting to grow the portfolio and take advantage of tax strategies as well. I do not have a CPA currently that will help me as I continue to expand and add mor...
Hey BP world! Here is probably a common enough question in the world of buying properties at a tax sale: What do I do when there are people living in a property that I buy at the tax sale in Pennsylvania? I haven't...
Hello BiggerPockets Community,
I'm doing an exciting project in San Diego and would love to get your thoughts on structuring the deal. We're developing units in the backyard of a property, with the numbers looking pr...
Hey BP! So we’ve heard it said depending on location and a few other variables that the typical “rule of thumb” for our cash on cash ROI on a rental property we should try to shoot for is anywhere from 8%-12%. (The “b...
Hi BP,I'm deciding whether to rehab and resale or rehab and hold for rental. Here are the details:Single family, Purchase price $25kRehab costs $23kARV $75kEstimated profit for flip is $10k (13.5% of ARV), or monthly ...