Nancy Roth
Qualified Opportunity Funds to defer capital gains tax
A new capital-gains deferral option was created by the tax act Congress passed in December 2017, which created a set of "Opportunity Zones" nationwide. According to the law Qualified Opportunity Funds (QOFs) can be es...
Jake Plumber
Who's Liable for IRS Tax Lien Complex Situation
Thanks in advance for the help!John has 5 properties. John has a $100,000 IRS Tax Lien. Buyer 1 buys one of John's property through a tax foreclosure sale, no notice is given to IRS of sale and it is in a non-judicia...
Kenneth LeBeau
Using my 401K to Rehab/Flip Houses??
Hey all,I know this subject has plenty of posts in here but some of it wasn't clear to me and everyone's situation is unique. I have a 401K with my current employer with approx. 58K in it and another 20K in an outstan...
James B.
My first fix and flip in Alabama
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $4,065
Cash invested: $54,000
Sale price: $3,500
Got a great deal on a Tax Deed. Got title to the house from p...
Tamika Mays
Investment properties! A risk to take or run from?
I am seriously considering buying my first investment property in W.Babylon, NY. Everyone around me says I am out of mind to ever consider renters when, as a cop for 14 yrs I do know the horrors of them. However I...
Michinori Kaneko
Land Contract vs Lease Option
Hi,I wanted to make sure I understand the difference between the two because I am considering this avenue on few of my properties. Here are my understandings of the two:Land Contract:Buyer usually pays small down pay...
Derek Lenz
Help with a few questions please
I didn’t really know where to ask this so hopefully this works. I have 2 questions that could use a few answers. One I am at the beginning stages of becoming real estate investor. I live in So Cal and I’m in the resea...
Roosevelt Clairjour
Creating an LLC for property
Hello everyone,
So I am at the beginning stages and I am researching the necessary steps in order to own property. I was wondering what would be the benefits of creating an LLC for owning your properties and how woul...
David Dawodu
How to co-own a primary residence but not live there?
Hello BP community,I am confident that someone in the BP community will be able to help me with a deal I am considering. My brother (who lives in San Diego) and I (live in Chicago) have partnered on a 2 unit buy-and-h...
Robert E. Medlock II
How can you house hack a MF and still hold it under an LLC?
Hello BP community. I have been racking my brain for the past few weeks trying to understand how NOT to violate the "Due on Sale" clause.Here's the scenario: Jane wants to buy a 4-plex. However, as a new investor of m...