Camronn W.
Help with a Spec. Home!!!
A novice question here, figured I can ask the Bigger pockets community for some quick help. I'm beginning the process of building my first spec home. How does the tax side of the sale go when I resell? I know it being...
John Newsom
Note business accounting question
First year in note investing and looking forward to end of year accounting. I trying to find a CPA, preferably, in Gainesville, FL area and trying to have some screening questions to ask them.Background: l purchase...
Scott Wang
How do you handle window treatments in rentals?
Window treatments such as blinds and curtains. Do you include them with the rental or do your tenants provide their own?My experience so far has been to renovate-then-rent so I haven't included things like blinds and...
Kevin Durham
Can private school be a business expense?
Hey all, the more I learn the more I realize I know nothing! On my 3rd flip thanks to the help of this site. So, thank you for any reply!My daughter is now attending private school - 7th grade, and to my knowledge, in...
Richard Parker
LLC's - sorry if this has been asked someplace else
I have owned an investment condo for 10 years and the mortgage is paid up. I want to sell, but the depreciation deducted from my basis makes for a big tax bill. Can anyone confirm or comment on whether putting the p...
Alan Salazar
Tax write offs for own resident?
If one owns their primary resident under LLC, can they write items off for tax purposes (upgrade of kitchen, bathroom etc) or would this be considered primary resident.
Nick Donato
Using 10.31 funds to purchase a BRRRR is this possible?
I'm selling a rental I've had for several years now and will profit over $200,000. In addition I have some cheap private money allowing to make a purchase in the realm of $500,000 cash.
My plan is to sell this prop...
Danielle Fraser
House with termite damage - how to still move forward?
Hello all,We have our first house under contract. It is located in Mount pleasant and we got it offered at a great price. The house has a older roof and AC but we factored that in with the offer.During the CL100 we id...
Mike Lynch
Thoughts about pulling the trigger on a Commercial Property
My wife and I finally fixed and flipped the large "Nightmare" house that I have talked about in prior posts. My accountant said that we would have to pay over 40 something thousand dollars in capital gains unless we d...
Tony Bui
Deal or No Deal
I’m in the process of considering buying 2bed/1bath home 1200 square feet home. The owner will sell the home at 90k As Is. 90K is a fair price maybe a bit below market. The home will probably rent for at most 900 a mo...