I am rehabbing my first income property which requires a new roof and new siding. The contractors quote seems reasonable and the expected time to complete the work does as well, but some of the clauses in the contract...
In the past I have bough close to 20 houses in ms where I then resold most of them with a lease option ageement. I now live in texas where lease options are not supose to be used under most cases. If a buy and then ...
Since I'm new on this platform, I realize that many on here do the conventional "fix and flips" - those aren't eligible for 1031 exchanges. Neither are developers. You must be a US real estate investor in order to uti...
all,
i am in virginia and ready to get my first wholesale in the books, what are the tax ramifications for wholesaling? I cant seem to find this info anywhere????
Hello BP,I did some research and couldn't find if this has been tried before. I have my first flip under contract but I wanted to run this strategy (I thought of last night) by the BP community to see if anyone has tr...
Ok, now I am really confused, last week there was a discussion as to if just a landlord receiving passive income (rental income) was required to issue 1099s and the general concensus was since they were not operating ...
Is there anyone out there still offering auto loan financing?
My brother is looking to buy a new car. I am helping him fix his credit but as of right now his score is about 600. Not sure who is still offering auto fin...
I'm more interested in holding out and renting out a property than I am flipping one, but if I did find one for a good enough deal and managed to get rid of it fairly quickly, what are the taxes like?
I suppose there...
I have read through the Illionis SAFE Act and I really dont understand how it will affect doing Lonnie Deals? I plan on trying them out, but while reading back articles on them, I see that SAFE act being brought up.
...
How many properties can you buy and sell, assuming holding at least a year, to maintain investor status (cap gain 15%) and not dealer (pay tax at higher rate)?