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Results (10,000+)
Jason A. Buy foreclosure, renovate & close with equity ?
10 June 2014 | 14 replies
So in theory I could do all but the pm part (flat requires a broker license) unless it was in a partnership deal.
Denayer Burns How Do I know if it's a Good Deal
8 June 2014 | 12 replies
You could then evaluate potential investments through that screen.
Raven Woodard J Scott's book
7 June 2014 | 1 reply
Click on the "Learn" tab at the top of this screen and you will see them.  
Jenna Y. First deal - deeds, corp structure timing, transfer of ownership
9 June 2014 | 12 replies
On the Bigger Pockets forums, S-Corp appears to be a popular (but not universal) choice for flipping, as an s-corp would help with avoid profits all being taxed as ordinary income (Federal, State, and then an additional 15.3% for both sides of FICA).In my case, tax rate something as follows:INCOME TAX- Federal (up to 36.9k): 15.0%- CA State (up to 39.3k): 8.0%- FICA - both sides of medicare and social security: 15.3%--------- Total Ordinary Income Tax Rate (Fed+State+FICA): 38.3%- Total Dividend Tax Rate (Fed+State): 23.0%I could be calculating this wrong, but for the flip scenario, I'm estimating the numbers as follows (just updated them to reflect new financing terms and flat-fee MLS): - Purchase Price: $14,000.00- ARV: $60,000.00- COST Rehab: $18,000- COST 5 months of holding costs (flip insurance, debt, utilities): $1,727.50- COST Closing costs (flat-fee MLS and marketing/ 3% buyers realtor fees/ county transfer tax/ 2% closing costs): $3,465.00PRE-TAX PROFIT: $21,707.50Applying the above tax table, the post-tax profits appears to be as follows: - No S-Corp total taxes (100% taxed at 38.3%): $8,313.97- With S-Corp total taxes ($1,500 taxed at 38.3%, remaining taxed at 23%): $5,222.23So, assuming my numbers are correct, with an S-Corp, it's a tax-savings of around $3,000.
Andy Argonaut Best way to advertise and screen for lease option or owner financing buyers
8 June 2014 | 1 reply
Hello,I'm looking for advice on the best way to advertise for lease option or owner financing buyers and then how to screen them.
Cal C. My Phantom Tenant picked by my ex-PM company
9 June 2014 | 5 replies
Obviously there will be some who slip through the cracks, but the vast majority of false flag applicants can be screened out with the right questions.  
Eduardo A. First Solo Flip & I'm In Trouble
10 June 2014 | 9 replies
Also, pictures of driveway should help people suggesting better.Are you getting declined flat out on refinancing or is there a equity problem and you think bank would be more inclined towards lending if you were to put some more money down?
Jeff J. Managing a rental from another state withut a PM?
14 June 2014 | 8 replies
I could screen tenants and set up service remotely.
David Wilson Charleston, SC Newbie looking to fix and flip, buy and hold.
23 June 2014 | 7 replies
I currently work for my brother (also an aspiring REI) doing residential Electrical work in Charleston, SC where we drive all over and often have long discussions about REI and the futures we hope to have with it.Now before y'all start yelling at your computer screen saying that "REI is a broad topic, do you really know what you want to do?!?"  
John Heck Out of my comfort zone in Fleetwood, Pa
18 June 2014 | 3 replies
My current business is screen printing, graphics and promotional advertising.