Russell R Massey
Tax Lien Sale Courthouse Steps - Really weird - Why did this happen????
21 November 2024 | 24 replies
Title co reports to IRS, and you probably going to hit a snag when all your basis is $0 on every deal and every deal you do has big profits.
Saad D.
Is the 1% rule dead?
22 November 2024 | 92 replies
.: No longer a rule, just a ghost in the past, A relic of days when profits were vast.
Justin Cummings
BRRRR exit strategy or next steps?
20 November 2024 | 14 replies
When the properties are paid off, you’ll probably have a healthy profit.
Dave Rav
Clinton SC - tell me more..
20 November 2024 | 3 replies
Also, new builds are not currently in our strategy (delayed profit realization).
Charlie Martin
Purchase under an LLC or not?
25 November 2024 | 7 replies
Charlie - If you start an LLC as a single-member LLC the profits and losses will flow through your personal income tax return without filing a business tax return.
Stephen Hood
Creative investment proposal: What do you think of this deal?
20 November 2024 | 11 replies
At the end of the 12 months, I would refinance at 500K after fixing up the property and investing the profit from selling my current home in the new property.
Julie Muse
Rolling Prairie Renovation Success: Profitable Flip with Ron Rowan!
13 November 2024 | 0 replies
This outcome reflects our effective project management, targeted renovation approach, and strong collaboration with Ron, culminating in a profitable deal for all parties involved.
Jimmy Wellman
I'd like more specificity about the ROI on an average flip. Can you help?
20 November 2024 | 5 replies
Personally, I wouldn't do any flip for less than $30k net of sale because STCG tax for me would end up leaving me with about $20k or so of actual profit.
Steven Greenwalt
Gator Lending? Why? 🐊
20 November 2024 | 31 replies
The gator is paid back with part of the assignment fee that the wholesaler is going to profit.
Jason Dumbaugh
Sell or Rent primary residence?
20 November 2024 | 12 replies
Put the profit towards a new Primary residence and ~$50k towards a rental property.2) Rent it out and eat the cash flow loss, hoping rents increase.