Bryce Matson
Question on whether we should Cash-Out ReFi, sell or leave as is
Hi All,We own a house in LA and are moving away. We want to convert our garage into an ADU and then rent out the main house and ADU. The main house would be 3 bdr/2 bath and ADU a 1 bed/1 bath. We think the max rent w...
Kyle Doherty
Joint Venture Structure with Builder (development projects) Is this a fair structure?
I've started working with a builder locally on our first Development/Build Project. Essentially I am finding and procuring the land/lot via traditional financing and funding everything through the development phase un...
Alejandra Tapia
Borrowing money from your 403(b)
My tax preparer recently mentioned the possibility of taking out a loan from my 403(b). He mentioned that a good thing about this is that I would pay back the money to myself, with interest, as opposed to the governme...
Peter Mckernan
Bookkeeping for Newbies
Hello Everyone,This question goes out to all investors big and small; to the big investors when you started and the small investors where your business is currently. I am only in the beginning stages of real estate in...
Diana Gay
Quickbooks Chart of Accounts and Item List
I'm new to flipping houses. Anyone have a Chart of Accounts and Items List they could share that would be helpful in setting up QuickBooks?
Michael Moikeha
Tax implications on Contract Settlement
I have an interesting situation and my accountant is working to figure it out, but I would like to see if anyone has had experience or has insight they can help with. I have 2 contracts with one lender. They had 1031 ...
Scott R.
Passive income negative, do I even bother rental income taxes?
Properties generated $110K last year, I stopped at $120K losses before even going into expenses. I don't want to dig through expenses and itemize all that crap since I'm already at no income. So do I even need to file...
Paul Doherty
In a 1031 if I take out part of the proceeds what happens tax-wise?
If I sell a property I own completely (worth 175k after realtor's fees) and want to keep 50k of the proceeds and 1031 the rest into 2 or 3 new properties how do the tax consequences play out? Do I pay 15% on, say, 58...
Account Closed
Is my skepticism holding me back?
So I'm very new to the game. I haven't completed a deal yet. I'm analyzing constantly and think I found a decent deal. The numbers can work with the use of private money (family friend). My hesitation is "Why hasn't a...
Jason Agulay
email name as the same as business name
i was wondering how people create emails with their business name instead of using a free account. for example....
if your business name was John Doe LLC and your email would be
[email protected]