Nikki Kofkin
Quarterly Estimated Witholding on Flips?
Hey everyone, so I sold two properties so far this year, one more in a couple of weeks, and one more hopefully before the end of the year. All in Chicago. One was a long term buy and hold and three are flips. Long ter...
Omar Shahid
Hold or Sell Aurora, CO rental in SE Aurora 80016
I currently own a rental in the 80016 zipcode in Beacon Point close to Southlands Mall area, which is 4 bedroom 3.5 bathrooms, 2600 sq feet . I am debating on selling this or holding it. I purchased the home for $33...
Jeff Caravalho
How to structure partnership
Hi BP,I'm looking into purchasing a house with my brother in law in Mississippi, North of Oxford. It was his brothers (he lives next door). I live in Sacramento , CA. We are thinking of putting it in an LLC. but ar...
Tomasz Andres
Can anyone recommend a CPA + a few key structuring questions
Hi everyone! Canadian citizen here living in Ontario, Canada!I'm looking to start i) buying rentals, and ii) doing real estate wholesaling in the United States but I'm a bit stuck on getting the initial US/Can structu...
Donna S.
What should I offer for 3/1.5 SFR?
The property:
1976 Brick 3 BR 1.5 Bath SFR FSBO
Transitional Neighborhood
Comps show ARV approx. 82,000.
Yrly Property taxes 379.00
Repairs 12 - 15,000.00
I would like to be able to wholesale this to an investor at ...
Brenda Walker
Sell or rent high interest
With present economy, my interest rate is now 8%, which is costing me 1,000 a month in interest. Some months I don’t make but interest only. It is my primary home, which I haven’t moved past this stage in investing, ...
Chris Heeren
Do you pay taxes on your Buy & Hold Property?
I'm curious to see how many people actually have enough deductions to not pay any income tax on their cashflow at the end of the year? If you own buy and hold properties, do you pay tax at the end of the year, or not?...
RJ Jackson
Rental that doesn't meet the 1% rule
Thoughts about purchasing a brand new home that doesn't meet the 1% rule.
It's near a new elementary in a growing area outside of Austin. 205k, 3/2, rent is about 1500 in the area. It will be my first rental which is...
Patrick Hall
Self Directed 401K Taxation of Rental Income
I am looking for some initial advice (prior to hearing from my CPA) concerning the use of a self directed 401k to purchase and operated a multifamily real estate unit. My primary question is one of "business" or "com...
Fletcher Caulk
1031 Exchange next year--help!
My wife and I own a townhome in Culver City, CA that is appreciating very well but not cashflowing. My renters' lease is up next summer and I'd like to do a 1031 exchange into a multi-family property. Right now, our l...