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3 January 2025 | 4 replies
There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.
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13 January 2025 | 9 replies
I’m an investor and the owner of a property management company based in Kokomo, with portfolios extending into the Indianapolis area.
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14 January 2025 | 37 replies
Quote from @Mark Forest: The company I have invested with has done a great job explaining why this is happening and what they are doing about it.
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12 January 2025 | 5 replies
Mississippi is pretty small not a lot but start with DR Horton, Lennar, etc. most companies are after large growth cities though. not sure about Jackson
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11 January 2025 | 15 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.
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10 January 2025 | 2 replies
Quote from @Eyad Ahmed: Starting my Virual wholesaling plan from egypt is quite challenging but doable i'm targeting indiana market with an established LLC and the deal machine software and mojo dialer and a presence whether on social media, a website,etc looking to connect with realtors as I'm looking to start novations as well alongside wholesaling any recommendations about my plan or tips and trick's on how to close my first deal, also if there is any buyers in, fort wayne, indiana polis,munchie drop your email to add you to our end-buyers list also any recommemdations of title company that deals with digital banking for example: mercury,wise,relay and is investor friendlyI am the owner of DealMachine and also have 19 properties in Indianapolis.
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9 January 2025 | 18 replies
One if you do not register your company as a foreign company you usually cannot file an answer in court if you are sued.
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4 January 2025 | 11 replies
That comment also seemed to imply that you don't report the rental on Schedule E if you have an LLC, but that's not correct, with a single member LLC it still goes on Schedule E."
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6 January 2025 | 5 replies
A cash out refi should take 2-3 weeks with most lenders, and you should have only an appraisal a credit report fee as upfront costs.
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9 January 2025 | 4 replies
It's not an insurance company/carrier.