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Results (10,000+)
Account Closed Capital Gains Reporting on Income Statement
20 December 2018 | 3 replies
If this is the case generally you would report your flip activity on Schedule C of your 1040 and any net taxable income from the flips would be subject to self-employment taxes on Schedule SE.Encourage you to work with a tax CPA/EA this upcoming year if you aren't comfortable DIY.
Linda Ford Changing LLC Tax Status to C-corp
20 December 2018 | 4 replies
There are significant tax differences between the taxation of a pass-through entity and a C-Corp/S-Corp.Accountants would need all the detail(nature of business activities, goals, exit opportunities, income levels, expected income levels, etc) before they can make a well informed decision on your entity structure.Working as an independent contractor does have it's downsides of which you are paid the full-lump sum for your work.
Aakash Tandel Newbie from Washington, D.C.
3 January 2019 | 20 replies
I've been active in both markets since 2010.
Jonathan Anderson I am new where would I start?
21 December 2018 | 14 replies
It's not investing, it's active income and it's hard work.
Anna Watkins Anyone started a Facebook group to advertise student rentals?
21 December 2018 | 2 replies
As far as I can tell, from calls to Campus Life to asking the local REIA, there's no Off-Campus Housing info site at this college, no active roommate or rental housing listing on Facebook or Instagram.Has anybody ever started a Facebook group specifically for local student rental listings?
Patrick Britton Assumptions of occupancy and expenses for Airbnb
23 March 2019 | 19 replies
ADR and Occupancy rates are more of an art than a science, but using sites like AirDNA are great places to start and then verify thru local property management or just good old fashioned research on Airbnb and VRBO for active rentals in the area.  
Jimmy O'Connor Is the bigger pockets point system random...?
20 December 2018 | 9 replies
It's a combination of number of posts, number of votes for those posts, and weighted differently for threads started vs comments on other people's threads.And it only looks at the last few weeks of activity, which is why some people with fewer posts and votes show up.
Christopher Hall What is the best approach to deal with my debt?
3 January 2019 | 25 replies
I am active duty enlisted Air Force, e4 making 3200ish a month.
Taylor Smith LLC, S Corp, C Corp entity
20 December 2018 | 7 replies
A lot of it will depend on what business activities you will do, i.e. buy and hold rentals vs. flipping.
Jeremy Swanson Need to invest into my education
29 December 2018 | 8 replies
Look into taking advantage of the Military Tuition Assistance Program while you are on Active Duty.