Blair Boan
BRRRR strategy question
First time with investing here in Upstate South Carolina and want input on how to go about the home I am rehabbing. The numbers:112k purchase price (cash)30k on updates and remodelARV recently went from the 180's to t...
Marquest Page
Completely Ignorant to Strategies of Deferring Taxes
Hello BP,I am in need of any advice that can be given regarding spending less money from my proceeds to the IRS. I have a double closing scheduled just before the new year. I would rather not see my profits taken so I...
Karissa Sampson
Urgent help with partnership tax transcript-closing in 3 days.
Underwriting is being difficult. I close in 3 days and they want an IRS Transcript for a partnership return. I cannot find this on the IRS website. Since a partnership is a pass thru entity, is the K1 showing profit/l...
Jacob Waugh
Large payment to ditch pmi on house hack?
At the end of August I purchased an 1100sqft duplex. 1 bed 1 bath each side. $140,000 purchase price. 5% down. After credit for repairs it cost me 4k out of pocket. I inherited a tenant with a lease until July he pays...
Michael Shea
DTI: Rent by room income on schdule E
I'm contemplating renting out an investment property(non-primary residence) on a room-by-room basis with separate longer-term leases for each bedroom. I'm curious if the income from these rentals, listed on Schedule E...
Oliver Betuel
Paying myself with rental property cashflow
Hi All,
Can anyone recommend reading material (BP articles etc) that covers how I can pay myself each month with my rental property cashflow? More specifically, how do I calculate what I need to set aside for taxes b...
Shinsaku Ohno
Can you buy a House Hacking Home off of your Fix-and-flip LLC?
Hi all, I have been looking for a house to house hack in DFW area but having a hard time finding ideal properties.It makes me feel like, "why don't I buy a distressed home under my LLC with HML, fix it up the way I wa...
Sarah Jones
What do I need to show proof that I able to sell my mom's home
Long story short sister was the first beneficiary she backed out mom approached me to see if my son and I would like to take over once she passed I agreedwe filled out transfer on death deed.. and I filed with county ...
Tea Marie
Newbie Los Angeles member interested in non-local rentals
Hello! I'm excited and looking forward to participating on BiggerPockets. I want to learn, network and build my team of professionals who are experienced in non-local and international properties. As a dual Canadian/...
Kyle J. Cooper
Moving a Company 401(k) due to Coronavirus Layoff
So I'm sure I'm not the only one here that is curious about this topic, but here goes nothing! I'll make it short and (relatively)sweet!Coronavirus hit the world, no one was prepared.Companies started closing down.Pay...