Greg Effron
Investor/Manager from Philadelphia, PA
2 December 2015 | 5 replies
BP can definitely be a great resource, and since you are already in the game it might help you evaluate your current investments to determine how they are doing.Best of luck!
Eric S.
Are carpet, paint and cleaning just costs of owning?
6 December 2015 | 30 replies
The landlord could properly charge only $200 for the two years' worth of life (use) that would have remained if the tenant had not damaged the carpet.244 Repainting walls One approach for determining the amount that the landlord can deduct from the tenant's security deposit for repainting, when repainting is necessary, is based on the length of the tenant's stay in the rental unit.
Frank Closer
Newbie from the DMV
24 January 2016 | 11 replies
@Frank CloserThe IRS rules allow for the investment of retirement funds including IRAs and 401k plans directly into real estate.
Damian Howard
To pay 3% commision or not
5 December 2015 | 3 replies
This should have been determined up front.
Jeremy S.
When to deduct expenses for flip (taxes)
8 December 2015 | 4 replies
Actual rehab and closing costs, no......they get deducted from the sales proceeds to determine profit.
Austin Hughes
Automation: Pre-Made or Custom-Tailored?
14 December 2015 | 14 replies
They're sent to my email.Virtual Assistant Updates website, does a little bit of calling, and helps out here and there.Realtor has me on zip code searches within my criteria.I use slybroadcast.com to blast voicemails out to prospects.Mail is pretty much completely manual, other than the fact I learned how to use mail merge.Blog posts are outsourced and shared on social media outlets.Bandit signs are manually put outHiring photographer to take pics and vids of properties for saleCreated an Offer calculator for my VA to determine what cash, sub-to, or owner finance offers to make.Analysis calculator is pre-set, and takes 3 minutes to analyze a property.Budget: not counting my chickens before they hatch, but once this current deal goes to closing, I'll have roughly $10K to put towards marketing and automation for the next 6 months.What I'd LIKE to Do...Automatic mail outs from lists I've chosenAnswering service to screen leads (actual humans)..
Mitch Messer
Why don't more foreign investors seek owner financing?
17 December 2015 | 15 replies
If, say, a Canadian were to purchase a U.S.A. rental property in their own name or as part of a {flow-through} partnership, their earnings (minus a withholding by/for the IRS) will be repatriated and taxed in Canada.
Cameron Price
How do you ACTUALLY set up a self directed 401k
10 January 2018 | 37 replies
Agreed that the Solo 401K is a much better plan, too bad the IRS won't let me consolidate all my funds there.
George Rodriguez
To flip or rent out and tax consequences
7 December 2015 | 5 replies
The way you've laid out the facts currently, it can go either way but the IRS will say it's a flip vs an investment which will subject you to ordinary income and self employment tax.
Charles Creasman
Still learning!
2 March 2016 | 15 replies
From there, you can then determine what you are willing to pay to get it, based on what your goals in acquiring the property are (fix/flip. ..buy/hold...etc.)