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15 September 2024 | 4 replies
Maybe a beginner wholesaler would be cool with something like that.But for us, we wouldn’t partner with an end buyer unless we’re getting a percentage of the profit on the backend, and it has to be a lot more than the wholesale fee for that property.
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17 September 2024 | 68 replies
Interest rates don't matter but profitability and stress do.
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16 September 2024 | 0 replies
Jeff Dilldine’s first fix-and-flip turned out to be a major win, as the home sold for $425,000, delivering an excellent profit.
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16 September 2024 | 3 replies
After a perfect BRRRR, I pocketed 1k in profit and created 60k worth of equity.
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16 September 2024 | 18 replies
I think the people who bought in the boom and thought it was smooth sailing to easy profits every month have been in for a shock.
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12 September 2024 | 5 replies
Start-up costs are also deductible but are amortized over 15 years with a limit of 5k.Start-up costs have strict rules and your case might not be the same as this one.Case Summary:Timeline line of eventsStarted investigating property: FebPut first contract (canceled): MayBought first property: December 30thWhether a taxpayer is engaged in a trade or business is determined using a facts and circumstances test under which courts have focused on the following three factors that indicate the existence of a trade or business:Whether the taxpayer undertook the activity intending to earn a profit;Whether the taxpayer is regularly and actively involved in the activity; andWhether the taxpayer's activity has actually commenced.On the basis investor testimony, we may assume that he undertook this activity to make a profit and that he regularly and actively engaged in it.
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18 September 2024 | 24 replies
There are a lot of markets where you can generate a profit.
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16 September 2024 | 12 replies
If you don't plan for that time, and you have HML holding costs, bye bye profits, hello stress!!!
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16 September 2024 | 28 replies
So everyone will send the same letter to the same people, they all get turned off and only Andrew profits.
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18 September 2024 | 35 replies
So he way overpaid and now 6 years later the properties are barely worth what he paid for - we have seen about 50% appreciation here in Milwaukee in the last 6 years.In fairness, turn-key providers have to make a profit, so they have to cut a slice out of the deal.