It doesn't work on discounted items, so I am thinking no because the package does discount the items but not sure exactly how it rings up.

It appears from some reading that different entities are able to claim different business expenses against income.Can someone explain the differences in the allowed business expenses that can be deducted when using LL...

Good Afternoon Investors,I am a new investor and am assembling the pieces in preparation for my first deal.  My question is about closing costs  and how to factor them into the project cost total.  I understand that c...

Hi - I have a general question on taxes for flips. I purchased a house with a partner in 2017 that we rehabbed and will be selling in 2018. There were a decent amount of costs incurred in FY17, but I'm not sure if the...

I know that seeing certain things in a property can indicate potential issues with the property.What types of visual signs do you look for, during your walk through of a property, that might be indicators of possible ...

I've just created my LLC and have about 90% of the team I need to obtain my first flip. My question though is how to know/plan the rehab to make it look good for the potential new buyer?When you look at a place, what ...

Hello!
I've been reading other posts and trying to come up with the best plan. I have a good idea on what needs to happen but thought I would ask for your advice.
We just had our first set of tenants move out. They ...

Can I take out mortgage loan given:

I have a stable $100k W2 income from my employer, but opened an LLC this year and am projecting a loss of $200k in the first year. This loss is expected and not a problem. However,...

I'm new to the real estate scene, and I saw this interesting video on getting a very quick initial estimate on rehab costs as you're considering a bunch of deals.https://youtu.be/EtCDWoJVtOEIs what they're saying fair...

I'd be curious to hear what everyone's experience or thoughts are on the various contractor services / bid programs offered by all the big box stores. Which one do you use, which do you prefer, and what about the spec...