I have a primary residence mortgage, I live in part of my property and rent the other parts. I have a regular 9 to 5 job where I get a direct deposit to my checking account. Should I deposit my rent money in the same ...
I am a passive real estate investor (no full time job) and own a few rental properties tru my LLCs. I just noticed that I pay Self Employment Tax on the total amount of net income? My return is prepared by my CPA. Is ...
For those of you invested in syndications with preferred returns, how does your sponsor communicate and track that preferred return if it is deferred? In the early stages of a deal after close, the preferred return in...
Hello BP,So here is my situation:I bought a REO in January 2019 with the intention of renting it out for a little over a year and then selling it. Long story short, my tenants only lasted from February till June and t...
I just finished remodeling a property. However, I put quite a bit money in it and I wanna avoid the short term cap gain. So I decide to rent it for about 1 year then sell the turnkey. For those of you with experience ...
Hi. First post here. Here is my scenario; I own two lots of land. I want to put an offer in on a 3 unit apartment building. My question is; if I buy this apartment building and then 2-3 months down the line sell the l...
In the Carolina's, I have found a beautiful micro-niche market for fix & flips that will generate $200K+ per flip. That's the great news! Bad News.....now I'm facing some pretty steep tax payments as these are c...
I hold my rental properties in my LLC, recently I flipped a house that purchased Oct 2013 and sold March 2014.
My Accountant as told me that if I flip a short term hold property that is held in the LLC that h...
Hey BP! I'm trying to learn more about capital gains tax when selling a rehabbed home or refinancing for the equity. I've heard some say that holding for 2 years is the minimum to avoid capital gains, but I've also he...
Fairly new to investing and I am looking for some opinions on BRRRR rentals that don't perform well right now with the high interest rate but are perfect when it comes to getting your initial investment back out. Yay ...