Carter Bushman
Wholesaling and taxes
Hey all,
I’m working on wholesaling right now and to be honest I don’t know much about taxes. I’ve only had to do my taxes once or twice and only through turbotax and such. Is there a certain percentage of my wholesa...
Shahil Keshav
Debt Service Early Payoff
What are your recommendations on paying off small multi family unit (4 units) early? All 4 are currently rented.
Rent - $6,700
Payment - $4894
Note is $680,000 at 7% over 25 years
Would you suggest trying to shav...
Franchesca Ramaker
Who pays for utilities?
Hello BP,In starting to analyze potential deals, I've run into my first big question. In Minneapolis or Minnesota, who pays the utilities? Does it vary based on SF, duplex or apartments? If it's the landlord's respons...
Becca F.
Bay Area and NorCal Investors - thoughts on Class A, B, C and D areas
California investors, what are your thoughts about my ratings below? Do you look at class of neighborhoods when you invested or looking to buy now? What other factors do you consider? Also interested from hearing from...
Victor Andrade
SFH Rental - Do you charge sewer, garbage and water?
For those experienced investors with SFH rentals, do you topically cover garbage, water and sewer? I know that investors typically cover those expenses on multi-families, however not sure about SFH. I have yet seen a ...
Jeff D.
flipping out over possible s-corp loss
Here's my simplified as possible scenario:
in 2011, I set up LLC, bought and sold flip title in LLC, LLC made 25k profit on sale of flip. Took 25k out of LLC account and put in my personal account. Towards end ...
Dan Chandler
Paying Tax on Rent
I am filing with the state to form an LLC in which to purchase homes and rent them out. There are a lot of questions about sales tax. Do I pay sales tax on the rent that I will be collecting? And if I do, is it just f...
Akhilesh Rao
Handicap Ramp in a rental duplex
I have a section 8 tenant who has requested a handicap ramp and other adjustment which is going to cost approximately $10,000 according to the property management. The tenant is currently on a month to month and has r...
Da Shiek Woodard
What Would You Do First: Rental Property or Primary Residence?
Picture it: Washington DC, 2020...•$20K in cash allotted for real estate•Excellent credit•One rental property that cash flows $300•W2 Salary $90K/yr•Renting primary residence at $2200/moMy question is do you think it’...
Account Closed
duplex has no comps
this guy has 4 duplexes that he wants to unload. he was initially asking 450k for two and 500k for two. but if i bought them all he'd drop them to 400k for two and 450 for two....1.7m total. there are no comps that ...