My understanding of Dealer Status is that if you are flipping on terms (in my case: buy on terms, fix -or not-, then sell on terms) then you lose the ability to be taxed as an installment sale where your gain is sprea...
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Greetings BP community,My name is Hendra Lim. I'm a software engineer from San Jose, CA. I became interested in investing in real estate in early 2018. My research quickly turned me to BiggerPockets. I joined BP i...
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I'm looking for some advice on the whether I should hold on to paying my month HELOC payment of $613 a month for a BRRR property, or should I go ahead and pursue delayed financing? I purchased a property ALL CASH for ...
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Hello all, My wife and I closed on our first property March 2021. We live in the property, but we want to list 2 of our rooms on Airbnb. We have been renovating the extra rooms and getting them ready to list. However,...
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So many people love rental properties and even though I like the monthly income I don't like being bothered with the overhead. When I think about after you pay the mortgage, insurance, taxes, plus maintenance you have...
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I just completed my 2nd door (the top half of my duplex), it’s a one bedroom, with a stand up shower (no bathtub), carpeting only in bedroom, and what I would define as a total bachelor pad. It’s not a place designed ...
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Hi,
I wan't to build a detached ADU in our backyard. This would be my first home building/addition project. I was looking for suggestions on:
Total Cost & Cost per sq / ft Project timelineSuggestions...
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Hello spec home builders,I was wondering if you could review my breakdown of a potential deal I was looking at. It involves purchasing a piece of land to build a spec house. Let me know if I'm missing something in m...
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I found a brand new townhome in Kissimmee with luxury finishes, resort style amenities, the whole nine. The price is $435K and I was thinking of doing 20% down. This townhome is a 5 bed/ 4 bath with 2020 sqft so it's ...
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Ok so here is what I need to know..Im buying a property with cash, what do I need to do to get the title transferred to me? I know I need to get a title search done but then what? Do we Need to go to a real estate att...