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4 March 2024 | 8 replies
Quick general pointers, as already mentioned on this thread:- holding a flip property for a year changes nothing for taxes, in most cases- flip properties are not taxed as capital gain taxes and are not eligible for 1031s, in most cases- if you're a full-time broker and do not have other jobs, you will most likely qualify as a real estate professional- which does not exempt you from any taxes, but it can create other tax benefits, specifically allow you to apply losses from your rentals against your broker income- and there are other tax strategies that can help youFrom this point, you need to get yourself a tax pro.
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4 March 2024 | 11 replies
Whether you have questions about specific investment strategies, market trends, or just need general advice, feel free to reach out.
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4 March 2024 | 8 replies
Pick one that is commenting on your specific situation and DM them.
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4 March 2024 | 0 replies
I wanted to take a moment and discuss some questions about SFR and respond with some specific trends we expect to see more of in 2024.
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4 March 2024 | 18 replies
If you have to switch to online my thought was to get something specific to rentals, quickbooks online isn't.
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4 March 2024 | 8 replies
I currently have little to no money, but got the idea to help manage the property and offer specifics, from Brandon Turners "Buy and Hold Real Estate Investing" book.
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4 March 2024 | 8 replies
I think if you broke it down to specifics we could help.
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5 March 2024 | 70 replies
Since you want it to be as easy/quick as possible, I'll give you three things you need to learn...as a starting point:1 - How to Analyze Markets to find the Micro-markets that are good to invest in.2 - How Money Works, so you can develop an unlimited number of strategies which will allow you to be able to take advantage of as many opportunities as possible.3 - How to design your own REI Plan by reverse engineering from your specific set of financial goals back to where you are now...then execute it by turning around and just following the breadcrumbs.4 - (OK, I said it wasn't as easy as "just one thing")...Learn what the meaning of the number sequence "1073751824" means, and how to base EVERY decision you make on the meaning of that number sequence.5 - Learn why it's so important to follow the 2 Golden Rules of REI, of which GR#1 is: NEVER, under ANY circumstances, ever, EVER, spend your seed money (your starting cash).
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3 March 2024 | 1 reply
Hey BP family, I am looking to connect with some general contractors in the Charlotte and north of Charlotte area, specifically by Lake Norman.
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4 March 2024 | 16 replies
For example, if you are looking to connect with other members near you, want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/users