If I did two flips last year can I file both as capital gains or would I be considered a dealer and have to do a sch C? Both were held less than a year. Thanks
Hello all,I am in charge of a multi family property in the Los Angeles area.Recently all of the tenants were evicted via the Ellis Act. This apartment building will be demolished to make way for a bigger apartment com...
Hello BP!What has your experience been with allowing tenants to deposit their rent payments into your account at the bank? Has anyone experienced a time when the tenant made a withdrawl? Also, in terms of setting up A...
Hello Bp,
I would like some feedback on this creative financing I am trying to do.
I have done 2 successful flips and also have one 1 buy and hold.
Now that I have a little skin in the game I’d like to ask my dad ...
So I am in a situation currently where I put a "strong" offer on a duplex that previously had an offer on it.
I heard back from my buyers agent that the other offer was comparable and they are NOT giving me the abili...
I fell like there is more to it than just this. I have watched lots of videos on people claming that if you invest $1m dollar into index funds and only take out 4% every year then you will never run out of money. Is t...
Morning people! Can anyone tell me the pros and cons about withdrawing from 401k to make a home purchase?
Good afternoon everyone,After trolling for the last 12 months on the forum I have decided to post - why? Because action doesn't occur without interaction. I have made a self-proclamation that 2017 will be the year I f...
Ive been trying to figure out where I should keep my savings where I can maximize its growth and am really curious to hear where you think is the better place to do so. I want to keep the money as liquid as possible...
Hi my experienced friends, I recently ran into a situation. I have a cheap rental property in Indiana valued below 40K. The tenant offered to buy but he cannot find a bank that is willing to lend this small amount of ...