Joel Miller
House flip tax question
Hey everybody, I’m working on my first deal with is a house flip and I’m wondering if I’d be better off keeping it a year due to tax implications. To the people that have done flips out there...don’t I have to pay sel...
Alik Levin
Car cost 100% write off as 179 expnse
Dear all,I am readding NOLO's article referenced at the end about how new Tax Law changes 179 expensing.Do I read it correctly that I can write off a car cost (new or used) 100% using 179 expensing?My scenario:- Me an...
Phil Hucke
Tax liabilities on the first “R”
Question on my new business for tax time: earlier this year I both formed an llc (sole) and through the business purchased a distressed property for cash. I obtained a loan for the rehab costs. This is a full gut re...
Account Closed
Contractor pricing - negotiating jobs
Let me preface this post by stating I am the type of person that will negotiate at McDonalds. I have no issues asking to see if I can get a better deal or save a buck. I'm pro negotiation. That said, I have been both ...
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Legal Advice for All Investors
I found some good legal advice for contracts, documents, consultation it really helps for me getting my deals together and making sure I stay in the guidelines of real estate
www.prepaidlegal.com
[edited by administ...
Nicholas Kitchen
BRRRR Method Question
Regarding the BRRRR method, let's say you acquire a property below market price. You do a little rehabbing and raise rents after the lease is up. You do a cash back refinance on the new appraised value? Pay your priva...
Jasmine Anderson
Taxes for my single member LLC
Tax question for accountants, CPAs, or anyone that has knowledge on tax law: My LLC was formed late in 2015. Before the entity was officially formed, I had expenses that went toward my real estate business (RE courses...
Timothy Launhardt
Type of account to initially place moolah?
What kind of account is preferable for starting out in the re business?
I want to keep personal and business accounts separate as that seems easiest for tax purposes. Will there be a limit to transfers from business ...
Jon L.
Cost Seg SFR to offset capital gains?
Can I cost 4 single-family homes to create a paper loss that offsets $2M in capital gains from an apartment complex? Where can I find more info on this (besides go talk to a CPA)
Hector Test
Can I report zero gain if I build a house, sell it and buy 2 lots
Hi all, I am buying a lot and building a house under an LLC. Let’s assume that the lot costs 50K, I spend 50K to build the house, and that I sell the house for 150K. Within the same year, let’s say I buy 2 more lots f...