Jared Adamson
FIRPTA 2015 Path Act 15% withholding ramifications for buyer
I have just been notified that I need to sign a few extra IRS documents for the purchase of a vacation rental property I am hoping to purchase in Tahoe. There are 8 sellers and a few of them are international and app...
Thoai Han
Assignment Fee Tax?
If I wholesale a property without an LLC, how would I be taxed on a percentage basis? I can't deduct my marketing expenses. Its almost the end of the year and I am concerned.
Cornel Smith
Health Insurance from the Self-Employed/Agents
Happy Holiday bigger pockets family! So at this juncture, I’m a part time agent... intend to make the jump to full time within the next few months. Something I have to get in order is health insurance. Currently unde...
Mike Kratz
1031 Exchange Purchase Rental and Security Deposits
When I look into a 1031 Exchange it seems that the funds from selling a property are meant to pay for costs of buying a replacement property. Ex. Purchase price, Agent commissions,Title insurance fees for the owner’s ...
Robert Ortiz
Probate purchase process - Bay Area
Hello everyone, I came across a property that's a probate sell but I'm not too familiar with the process or the associated costs and I was wondering if I can get some insight on this type of purchase to see if this is...
RI N.
Turnkey price renegotiated to accommodate repairs?
my understanding from BP is that a TK property is rent ready with all major systems functional for several years. Thus roof w long life remaining (i.e. 10yrs min), hvac, plumbing and electric all new or much life rema...
Samantha Klein
What is your goal cash flow target?
I'm curious, what is everybody's cash flow goals? What I mean is how much money a year would you comfortably be able to live on before you'd stop adding to your portfolio and how many units? My goal is 70k a year net ...
Oriana Campbell
Can I skip Rehab in the BRRRR Strategy?
Hi,
I've been looking into the BRRRR strategy for quite some time and have a lot of questions about it. But I wonder, can I skip the rehab part and go straight to renting and refinancing? Or is it effective when I fo...
Joe Eitel
Track mileage before I own my first investment property?
I'm in the process of searching for my first investment property. I was wondering if the mileage I accrue while driving potential properties can be counted on my taxes? As I said, I'm not "officially" a real estate in...
Changseok Kim
Michigan Foreclosure Redemption
Hello Biggerpocket members,
I have a question regarding foreclosure sale in Michigan. I understand that the redemption period is usually 6 months (depending on the status of house).
(1) Can the buyer renovate or f...