I was recently reading an article related to house flipping in Canada, there is a new law that states that any profit made on a home which is "flipped" will be taxed in the same tax brackets as employment income. From...
I've come across a bit of a conundrum: conflicting information on how to calculate Net Operating Income (NOI).
Every article and book I read has a different take. Some advocate for factoring in debt services, while o...
I don’t see a clear answer to this on the forums. I keep having bankers say “be careful with reporting losses on your taxes because it could make you unbankable.” What does this mean? How do you make sure that you ...
Hello BP Community! A group of investors and myself are looking to diversify into the short term rental market. Our focus is an STR out in the ski resort areas of Colorado. In particular, we’d like to focus our attent...
Hello Everyone,
I am from Toronto, Canada and I have been listing to the podcast. I am a digital marketer by trade and am starting to explore real estate as a side income.
After I saved up few hundred k, I flipp...
I have a question about this quote that rich dad poor dad, Robert Kiyosaki stresses on, ""One method that really helped me enhance my control in making money came from creating a corporation. A corporation can do many...
I have 3 rental properties, 2 of which are under an LLC with a friend..the other joint with my wife. My question is how does my K-1(partnership income) effect my dti.The main problem I have is the K-1 is total net in...
Sorry if this is a dumb question...but here we go.I am a self employed IT consultant, and looking to get into real estate investing. My consulting is done through an LLC (s-corp) and I am the only shareholder. Being...
Complete noob here, so please be gentle. :-)I am in the process of setting up a 501 (c) 3 (paperwork has been filed...just waiting for IRS to do its thing) that will operate sober living homes for those in recovery wh...
I have always been interested in real estate since I was a kid. Family members have always had rental properties growing up and I am familiar with the pro's and con's. Recently within the last 6 months I have taken ad...