Hi all!!I think I know the answer is yes, but I want to get some input.If I profit $10k (or any amount) from rentals and invest all that into the next rental purchase to add to my portfolio, do I pay taxes on that $10...

I've read that its best to flip houses through an S-corp since money made from flips counts as ordinary income.

Problem is, the only business entity I have is the LLC used to hold my buy and hold properties.

This ...

Hello BP Friends,Two years ago we bought a 1908 house on 1.1 acres of land. Historically it was divided into 10 lots. Due to the fact that there was no sewer, it was not buildable. Half a year later, sewer was put int...

I've been getting different information on this subject. My goal is to have 10+ units, but is it better to have 1 loan on a 10 unit building vs 10 loans on 10 single family residences? 

Hi BP, I quit my full time job and closed on a property a couple months ago in Philly. I’m doing most of the renovations myself and I’m starting to sift through the potential taxes incurred once I sell. I’m a bit conf...

There is a provision for a 3.8% tax on real estate sold beginning in a couple years as part of health care bill! I did try to verify with snopes. It was confusing and only discussed in terms of owner occupied sale. Di...

I currently have 5 rentals (looking to grow) that are financed conventionally. That being stated, my lenders will not allow for me to transfer title into an LLC. Since I’m not able to transfer any of my 5 rentals into...

I've always heard that I should use a corporation to reduce self-employment taxes while doing fix-n-flips.  However, I've heard that you only need to pay high SE taxes up to $130k.  If my W2 Salary is $130k+, then my ...

Hi There,

I have located some properties in College Station, TX area and looking forward to buy them. Builder gives 3.5%. I am looking for agents who can share the commission. If interested, please provide th...

I recently won a small sum of 20k in the lottery. I have roughly 75k of equity in my current home. I’d like to get into real estate but have zero experience and if it’s the right investment for me. I am looking for ad...