Brennan Thomas
Looking to get into REITs, any tips?
So I’m new to investing, and do not have a ton of money saved up to go out and buy up some rentals which was my original goal. Considering getting into REITs to have some money flow to use at some point towards other ...
Jason Mak
Tax efficient way to sell condos
**Posted this in the 1031 section already, but this might be a better place to put this topic**Wanted to check in with BP and see if anyone had any experience with selling new construction condos and any advice how o...
Joshua Chen
Profit Margin
For experienced flippers, what do you consider to be your acceptable profit margin?
Brian Gibbons
Getting Busted in Ohio for Wholesaling and Praticing RE without a License
Read Ch 4735Get a lawyerGet licensed and do wholesaling in OH02 July 2014http://www.com.ohio.gov/documents/Fall10REdiscipline.pdfLYNETTE S. MALY, Twinsburg, Ohio, was found by the Commission to have violated RevisedCo...
Robin Grimes
Tenant Applicants say the dumbest things
Stupid things Tenant Applicant’s say.
I had renovated a nice 4/3/2 and put it on the market for lease. Here are some of the comments from people who toured the property during the open house or called me from signa...
Tyler Jahnke
Well, That FLIPPING sucks! Taxes and expenses?!
Hello BiggerPockets!A few things:1. I have no experience flipping a home, but see myself doing it within a couple years.2. I'm always looking to soak up as much knowledge as possible.SO...You found a property, you fix...
Christie O'Malley
Ordinary vs Capital Gains: Calling all Real Estate accountants
Hi all,
Lately, I have been trying to do my best to learn the different tax laws and am confused on a few different things. Recently, my accountant told me that if I hold a property for over a year in a LLC that doe...
Wesley C.
Rookie tax question
This should be an easy one for someone to tackle, but I'm very new at this. I close on my first investment property next month. Not sure whether to flip it or rent it due to tax considerations. I understand that if...
Jason Rogers
Help!! Flip Accounting
BP Community I need some help. First off I understand that you are not a tax professional (and even if you are you are not giving me professional advice). I plan to speak with my tax advisor on Monday but I need to cl...
Jonathan Santiago
Tax Question: Capital Gains or Ordinary Income?
I just watched a video online of someone explaining why he would never flip a house. He basically said the reason is because if you flip a house it is considered ordinary income tax + self-employment tax which ends up...