Nick Bleser
Taxes and flipping in Wisconsin?
I have a question for the Wisconsin investors. When doing a flip how are the taxes calculated? I believe I read that the profits are taxed as self employment? or is it capital gains? How much should I plan on paying a...
Jeff Lundeen
What job(s) will help me break into Real Estate?
I'm currently learning about sales with a solar company. I had taken a 2 year sabbatical from my career to travel the world (google Tim Ferriss mini retirement). In my travels, I met a few people who were very succe...
Joseph Poluch
Refi/Negotiating with Seller to Sell to you and not list
I received a call from one of my flyers about purchasing Homes. The caller on the other end was an older gentleman and said "you wanna buy my house? bring a check for $150K." I assured him that's not how I do business...
Ivan Perezvilla
How do I Cash out Refi?
Hello everyone first time posting. Quick background. I own two duplexs that I purchased through conventional financing so my DTI is pretty tapped out. That being said i want to BRRRR my next property (or 10 properties...
Tri Le
Question regarding income from rent
Hi,I'm new to the forums and looking into purchasing rental properties. I do plan on keeping my current job while I get started.I'm currently reading the Bigger Pockets tax strategy book and it is very eye-opening and...
Larry Flanagan
Fringe benefits to reduce income taxes
I got a $65,000 income tax bill today. Is there any way my business can provide me with some deductible fringe benefits like a company car, health club membership, life insurance, etc?
Account Closed
FHA approval question?
so there might be an obvious question for some of you to answer or maybe not. I don't know that's why I'm asking here at BP, because you guys always help :)
So I'm currently researching FHA loans and the guid...
Rohan J.
Safest areas in Arizona?
Hi BP crew - was hoping to speak to anyone who has bought rentals in Arizona.I live in CA but hoping to buy a rental out-of-state soon, and wanted to gauge everyone's thoughts on the safest areas in Arizona? Would lov...
Brian H.
Was pre-approved, lost my job, can I get a mortgage without it?
Hi folks, I have a question: Is it possible to get a mortgage without having a job? Here's the situation... I work in architecture and used to work construction. I would really like to transition to small-scale, resi...
Burt L.
How Can A Self-Employed Wholesaler Best Present Tax Returns to Qualify For a Personal Residence Loan?
After wholesaling rental properties and being tired of being a tenant again myself - I would like to be able to qualify for a conventional loan. In speaking with a local tax attorney, I was told that 2013 was the last...