Tamara R.
Flipping and taxes
I often hear that you need to pay social security taxes on your profits from flipping. What if you already pay the max social security tax on your income from your regular job? Would the flip profits still be subjec...
Spenser Murphy
Taxes and flipping properties
Are there any tax advantages to house flipping like depreciation? Are the profits tax free? I want to get into multifamily rentals. Someone recommended flipping houses to raise capital to purchase the rental propertie...
Yulia Kaygorodtseva
Interesting tenant application
Hello, Gurus!I got an interesting tenant application nowShe is from Puerto Rico, moved here about 3 months ago (to texas and has been staying with her friends for now). Her husband was killed in Iraq, so she is gettin...
Mike O.
How would you look at this opportunity?
I called on a home this weekend hoping to take a look and see if there was a deal to be had. After speaking with owner, she is wanting to retire in 1 year and has 8 single family units (not sure on numbers yet; all ar...
Tom T.
End Game Strategy
Hi all,Here is the scenario.61 years old. Will soon look at retiring. Probably collecting social security at 62, maybe 63.I have a rental property that is almost paid off (less than 10k away.)FMV: 280. Purchased in 2...
Donald D Michna
Capital gains taxes after retirement
I was speaking to someone about there rental property and they mentioned that if they sell one of their rental properties after they retire or have of income of less than $33k a year that they do not have to pay capit...
Chris Walters
Landlord asking for bank info
Hi BP!
I need help as to know whether or not it is normal for a landlord to ask a new tenant for their bank info (bank name, branch address, account number). The landlord is willing to accept post dated checks, ther...
Mary Jay
How to open an LLC if you have no SSN?
Hi guys,my friend wants to open an LLC but she has no social security number and lives abroad.Is it possible to open an LLC without a social security number?Thank you
Phil Surdynski
Renter's with no income
I have a prospective tenant that is no longer employed. She states she has sufficient savings to allow for rent. How do I qualify someone who has no stated income... living off of government (SS) and savings? Any ...
Freddie Nelson
How print the rental applications form.
I'm reading the book managing rental properties. where do I go to print the different types of forms about tenant screening.