So my business partner and I are getting ready to do our first deal; flipping a house. After talking with him today, I had a question that I thought would be great for the biggerpockets forum. Before I ask the questio...
We bought our 2 bedroom Apt about 18 months ago, and to our surprise, my wife became pregnant with our second child. In addition, my job role changed requiring me to work more from home, which makes it nearly impossib...
Hi all,It's my first time posting, I just need any advice at this point. I bought my 1st deal mid 2020, was a great off market deal, but needed work which isnok because I wanted to do Brrr. We did a great job remodeli...
Any measure of experience will teach you to plan for the Unforeseen Expense. I wonder though, for budgeting purposes, is there a prescribed percentage of net cash flow that's good to set aside for maintenance and repa...
A small Multi Family deal on the NJ coast I was working on fell through mainly because of the insurance cost!
What happened?
The sellers cost on insurance worked just fine to make this a great investment,
It ...
My partner and I are going to purchase a buy and hold 10 unit where everything is divided 50/50 (money, work, etc.) and a management company holding it. I would like to know what are main safe guards which 50/50 LLC p...
Hello BP. I bought a house and prior to closing on the deal, my agent said the ARV will be XXX. I closed on the deal and started the rehab. Well unfortunately during the rehab we had some foreclosures that popped up f...
My wife and I closed on a Condo Jan 19, 2017. Since then, it's appreciated ~120k (Seattle market + some renovations). I've read time and again that if we are live in owners for 2 years, there isn't capital gains upon ...
I was wondering if anyone knows if the 250k or 500k for married couple capital gains tax exemption can be prorated? I’ve lived in my house for 6 months but it’s gone up in value $100,000 and capital gains would make o...