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3 February 2025 | 3 replies
but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips) a year and many years do 0 flipsDo most flippers put flips into LLC Or in personal name (sole proprietor) in CA (where you must pay $800 yearly plus accounting and other fees $300to $600+ yearly to maintain LLC) Pros for personal name-save on taxes accounting.
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6 February 2025 | 10 replies
If so, they can sell within 2 years and not pay capital gains taxes on the sell of the home.They could take that money and buy multiple rental homes in other areas if they wanted, or use the money to downsize in to a different home while still having money left over.
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10 January 2025 | 13 replies
Basically, these are lands that technically qualify as Sending sites, but that have issues such that nobody really wants to build there.
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7 February 2025 | 5 replies
So I was paying under the market rent to live in the property, then moved out and rented my unit and it’s cash flow positive.
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7 February 2025 | 2 replies
. - If you just personally paid for the renovations then the interest won't be deductible because "paying yourself back" doesn't qualify.
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31 January 2025 | 7 replies
The property owner's tax professional can help them with that and ensure they don't pay taxes twice on the same income.Disclaimer: My advice/opinion in this post is just that, my opinion.
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8 January 2025 | 10 replies
By any chance are there any agents on this site from there?
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5 February 2025 | 4 replies
Furthermore if they are always paying they probably will stiff you in the end if they know they aren't going to get the deposit back.
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6 February 2025 | 8 replies
There are a lot of groups out there that basically want you to pay them to find the mentor deals, so he can take a slice of your deals.
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23 January 2025 | 3 replies
Go to court, judge will hear them out and then ask; "did you pay the rent."