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17 May 2024 | 11 replies
The current hire will cost 10x as much but she'll save me an estimated $30,000 in taxes so she's paying for herself three times over.That is a huge amount of tax savings on an annual basis.It may be helpful to the BP community to share what your new CPA is doing that your prior CPA was not doing.With that amount of tax savings, you may want to have her look at the prior tax returns filed and if there are rooms for amendinging them and capturing the added taxes paid.
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18 May 2024 | 14 replies
You're most likely going to need to get a hard money loan to fund a fix and flip.
17 May 2024 | 2 replies
you should read more into low income housing. if the place is already beat up, just clean it up. low income housing is constant management. fix it up.
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15 May 2024 | 11 replies
Then what would the loan amount on the home be at that point?
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15 May 2024 | 7 replies
The numbers all work in my favor since this will turn into a fixed cost rather than a % of gross rents.
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17 May 2024 | 4 replies
They took into consideration the amount of rent I've paid and the maintenance I've done over the last 8 years which was awesome of them to do.
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18 May 2024 | 15 replies
If not, that's on you.I would've paid him a more fair amount and got a soft & firm estimation on completion, and priced him to do it on the quicker of the two with no workmanship issues.
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17 May 2024 | 8 replies
I recently came into a significant amount of money or so it is for me.
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17 May 2024 | 3 replies
Usually, investors will want an equity stake for an amount that high.
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17 May 2024 | 3 replies
I like the idea of a mix - with a smaller capital contribution being my buy-in and then a second larger amount for funding the first deal being a loan that will get paid back to me over time - over say, 5 years.