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6 April 2024 | 15 replies
If they fail to respond at all, then they are automatically extended on a month-to-month basis at an increase of 25%.Don't give them the opportunity to leave you guessing.
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8 April 2024 | 15 replies
It actually concerns me a great deal that they specifically mention certain tax-deferred strategies, specifically state that they will not work in deferring taxes during a failed 1031 Exchange, etc.
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7 April 2024 | 2 replies
You don't actually hold the deposit, from my understanding.
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8 April 2024 | 10 replies
There's generally 2 ways to go about this.1.Find an agent who will put in that work - one that sends you better deals and actually shows pictures of the insides.
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5 April 2024 | 9 replies
Call me difficult all you want, but I'm posting an important warning to the BP community: you cannot set your S-corp salary based on some rules of thumb, such as this 60/40 urban myth.That said, there is also no such thing as paying yourself out of a disregarded entity and no such thing as an LLC "owned" by an S-corp.Now you make me guess what your actual setup and your actual intention is.
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7 April 2024 | 5 replies
There's the cost of the actual fix, PLUS the cost of managing and dealing with the project.
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7 April 2024 | 5 replies
Well, first you find a deal that you can actually wholesale, then you approach the title & escrow company.
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7 April 2024 | 16 replies
This would actually be my first flip.
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7 April 2024 | 5 replies
But if you’re fixing it up you might actually increase the taxes even higher.
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7 April 2024 | 4 replies
Is it difficult finding actual businesses to buy?