Bao Vu
Question regarding Tax on a Flip
12 December 2024 | 10 replies
So the actual tax bill is going to be impossible to predict without looking at the individual owners' personal tax situation.How much of a gain do you think you made on your first flip?
Mike Sfera
Right Down Payment Amount??
10 December 2024 | 14 replies
@Mike Sfera as I said originally, if it won't cash flow at 25% down, I would personally not buy it.
Sonia Vanegas
advice on landlord threating to void clause in lease and raising rent
16 December 2024 | 21 replies
That would go in front of a judge and the person with the most evidence or most convincing story will win.
Shan Randall
New member - open to networking
12 December 2024 | 6 replies
My educational background is in science, but my personal background is rooted in the Midwest where I grew up on a farm and gained a skillset in everything mechanical.
Justin Kennedy
Anyone heard of 51 west Properties based out of Miami?
5 December 2024 | 25 replies
No persons of contact with the company can be verified.
Joel R.
Am I required to issue 1099s to contractors if I only have one rental unit?
6 December 2024 | 12 replies
It is a personal expense, and no 1099s needed.
Cheryl J McGrath
Seller financing options
10 December 2024 | 6 replies
@Cheryl J McGrath Personally I don't see why any RTO buyer would enter into an agreement and put down money if you don't own the house yet.
Joe S.
Go big or go home! 🤔
12 December 2024 | 7 replies
Have you noticed that a lot of the post talks about a person going for 2 to 3 units all the way to 50+ in a year or two?
Javier Molina
Mildly complex structuring for multiple properties. (LLC, Trusts, Multi-state)
12 December 2024 | 12 replies
Unless someone here knows otherwise.Having said that, personally I'm not sure how valuable anonymity is compared to the cost of the structure ... as many have said here on BP.
Gary Bonds
Funding From A Bank
11 December 2024 | 7 replies
@Gary Bonds owning a few rentals is not a business at least according to my accountant, Best to attempt to qualify using your personal income.