Larissa Leeper
Flipper… ready for rentals!
20 January 2025 | 17 replies
experience: I’m on my 3rd flipage: early 40sday job: brand and web design/development retirement savings: noneI want to learn about buy and hold to secure having SOMETHING for retirement!
Account Closed
Will a seller financed deal show up on buyers credit or considered on debt to income?
14 January 2025 | 7 replies
Vanessa, If you choose the seller financed route, you could potentially continue investing under the bank's stringent debt-to-income radar, so to speak.
Bobby Paquette
Turnkey Multifamily with SCDC Investing ?
21 January 2025 | 5 replies
No, I've not invested with SCDC, and it's not likely I will without evidence they can do / have done what they've claimed on their web site.
Zachary Scalzo
Real Estate Investor with a Maid Company - How Can I earn Realtors Business
21 January 2025 | 14 replies
I wonder if there is a way to web scrape for when a new realtor is hired or passed exams in the area so that I could hit them up immediately.
Greg Strunak
Cash flow/ passive income
30 December 2024 | 6 replies
If you are sole member LLC you just take a distribution from your business account to your personal account.You are likely already reporting the income on a schedule E.
Nicole Graziano
Tax's: negative income made on flips
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.
Marie Copul
W2 Income +500k - What's the best real estate investing strategy for me to scale?
6 January 2025 | 25 replies
It will take at the very least 200 units to achieve that income goal.
Hayat- Hyatt Barron
New Jersey Investor Seeking to Build Passive Income—Let’s Connect!
4 January 2025 | 12 replies
If your goal is passive income, it's not going to be in New Jersey when you factor in cost to purchase, management costs, and rent to price ratio, but what you can get is steady appreciation.
Chris Seveney
Home Payments as % of Median Income
2 January 2025 | 12 replies
3) Average income was up 4.5% in 2024.
John Underwood
No tax on Tips for Rental Income
31 December 2024 | 12 replies
So, when Trump changes to no tax on tips I feel inclined to change my rental income structure.50% reduction in rent.Previous 50% made up from a mandatory nontaxable tip.