Hey BP,I'm having a hard time visualizing the taxable capital gains on the backside of owning a property.Here's an example to help simplify my question:What gets taxed when you sell a property?Lets assume the property...
Hi, I happened to see a multifamily property come up in my husband's old neighborhood. I find it intriguing for a couple of reasons and wanted some input on how you would go about evaluating a deal like this.It's esse...
My partner and I recently bought a 12-plex in Moorhead, MN. This is after we purchased two 4-plexes in Fargo, ND in March 2015 (we bought the 4-plexes for $165k each, 8.5% cap rate). So far, so good in finding decen...
In a healthy market we hae 1500-2000 listings at any given time. Right now, we have 297, and many are major fixers and over priced. What is your local market like? Where? Even before the rate increases our market was ...
Does anyone have an idea on what fair cap rate is in seattle? Everything in my area seems so low. Also is it common for seller to want 10% earnest money held back after feasibility test?
Curious for suggestions on great tax and business attorneys. I live and invest in Omaha, Nebraska, but I’m informed that I don’t necessarily need a tax attorney from the area. For example, I’ve heard great things abo...
Was wondering if anyone could provide a brief summary of what all is involved when lending to a rehabber. I found one that I am interested in lending money to for his projects but do not know what all is entailed as ...
Hello All!
Fair new here but would appreciate any insight or advice!
I
was previously in the Army and bought a brand new single family home in
El Paso, TX using my VA loan in 2012 for $146k. I moved back to PA
...
I am looking to purchase my first rental property but need some advice on where to go from here! I have found a 3 unit with 2 of the units already rented out with 15+ year tenants with another unit that we would live ...
Newbie question here- do I pay income tax on investment income? I haven’t heard it addressed at all yet in the podcasts and other materials I have come across.Thank you!