James Friedrichsen
lets talk taxes
Ok investors, I've been trying to wrap my head around all these different taxes that rehab/flipping businesses are subject to....cant anyone put the different types into laymans terms or at least point me in the right...
Sam T.
Bank suggestions for unsecured LoC?
Hi all, I'm on the hunt for a good bank open an unsecured line of credit with. I've called around to a few already and the standard reply I've been getting is that they cap their credit limits at half of the borrower'...
Graham Glover
Wholesaling & Taxes
When you wholesale houses, do you have to pay short-term capital gains for each deal?
I wasn't sure how this worked.
Edwin E.
A mortgage Co asked me to sign an " Access to funds " form
A mortgage Co I'm dealing with asked me to sign the above mentioned form. That's new to me. It says " This letter is to certify that ............ has 100% access to our joint account #.... " In the past I have provi...
Maher Bateh
Capital gains TAX
I am nearing the finishing touches on my 1st flip and wanted to know how much capital gains tax I will be paying? I purchased the home through the county auction in March? What % will I be required to pay?
Note - Thi...
Account Closed
A Glimpse of My Personal Finances and How to START
Although this is a new account, I have been coming on here for a few years. I have listed to every BP podcast, read some books etc.I have been interested in investing since 2015, when I listened to, yep, you guessed i...
James Johnson
Best lenders for a 1st Lien HELOC for a $550k home purchase
I am purchasing a New Construction home in South Florida that will be complete in August 2019. I have already been pre-approved for a Conventional 30 year Jumbo Mortgage but I am looking to attack and pay off this hom...
Chase Cline
Rentals Taxed on Net Income Which Doesn't Include Mortgage?
Hi Everyone - I have 3 STRs and have gotten very serious with looking at the full financial picture on them now that we have a CPA. We just bought the last two in the last 6 months, but have had our first for almost 5...
Sebastian Roy
rental property reserves
Hello everyone, I am curious as to what is the best way to separate/save cash reserves per category for your rental property?
In the biggerpockets podcast episode 193, @Brandon Turner said that for most of his ...
Christen G.
So many LLCs - some advice needed
Morning everyone. I am looking for some strategies, ideas and advice on how to structure our partnership with regard to LLCs. My situation is thus: I own 3 small MFH with a partner. Our Operating Agreement is still be...