William Jenkins
Tax Deed Quiet Title Questions
I am looking for a little advice regarding a tax sale property in Missouri. I realize any advice given is not to be considered legal advice. I have this in front of my attorney for review, but I am looking for some ...
Tom Bud
Tax Help on Fix and Flips
Hey everyone, Wanted to hear the communities response to this;Brand new r/e investor, going to do a fix and flip. Does anybody have any interesting tax strategies in respect to this whole process? (buying, selling and...
Renae Charles Atkins
Can you explain 50% accounnt setup
Can someone explain maintenance account and the tax implications.should i have different accounts for each house?if i sell a house with a large M.Account what happens?I'm not asking for specific legal advice just an o...
Richard Chae
New LLC or DBA
Hi all, I created an entity for the sole purpose of buy and hold/ltr. I recently came across JV opportunities that would buy and flip. Is it best to create a new entity? Or can I create a DBA to separate my capital ga...
Sriram Kumar Bikkina
What is Considered Positive Cash Flow?
Hello all, I have a basic investing question: What is considered a positive cashflow when we borrow 100% of the money to invest in a property?In general and simple terms, it will be the money I gain over the money I s...
Christian Smith
Do we need an LLC for side work and flips?
Thanks in advance for clicking into this. Appreciate your time. I'll try and be short but not leave too much out.
My friend and I work in construction and want to start making some extra cash. He already has some po...
Jessica Lamont
Is about 9% of purchase too high for closing costs?
We are doing a hard money 12 month loan for a fix n flip and our closing costs are over $10,200. Purchase price is $121k. Is this standard for hard money or too high?
Mohammed Ahmed
Grant from Father in law
Hello amazing investors!I have a quick question probably someone can answer me! someone told me that any family or friend can grant you up to $16,000 tax free first of all is this true? and if it is tax free does it f...
Todd Shaw
ESOP Financial Advice-Alternative Investment
I am in a ESOP at my work. The company just sold and I have to figure out what to do with the money. 75% has to stay invested in company 401k with annual disbursements for 5 years. I likely will keep the 75% invest...
Kerry M.
UBTI - Do these provisions apply?
After repairs, we plan to cash-out refi, repay the 401(K) and rent also. If UBTI on Debt-financed property applies, does it stop when we repay the loan? Or does it start when we've afterwards collected 1,000 in rent...