Mike Rugh
Best Entity for Flipping and "Rolling Capital"
Hello,My partners and I are trying to figure out the best entity for flipping and "rolling capital". What I mean by that is reinvesting profits with no or minimal disbursements. A LLC taxed as a S-Corp seems to be ide...
Alex T.
Mortgaging a 1031 Exchange After the Exchange has been Completed
I completed a 1031 exchange about 18 months ago. See below for details and my question...Property #1 (numbers rounded to make it easier - not including fees)-Bought for 75k-Down Payment 15k-Sold for 200k-Mortgage amou...
Zee Anon
How to become a hard money lender
Somebody in my network has been successful as a flipper. I have liquid capital I'd like to diversify away from stocks and into RE. We've already agreed on rates, and I'm going to ensure all the paperwork protects me j...
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...
Carolina E.
Buying Parents Home.
Hello, I'm trying to purchase my parents townhome and am wondering if anyone could share some ideas on how to go about it. I am trying to spend the least amount out of pocket.
One idea I had in mind was getting bot...
Jose Lira
RE taxes for foreigner living within the US
Hello BPocketters! I came from Mexico 10 months ago and I'm living in WA state since then. I'm under a tourist visa in process of adjustment of status. I'm very excited to start this endeavor and I'd like to go out an...
Peter Thielemann
The best tax advantage on cashing out the IRA if there is any.
I have a relitive that own's several rentals. He's suggested for some time now to invest in rentals. I have a few years left before I retire and I'm digging into withdrawing some money from an IRA. I'm looking into th...
John Hyatt
1031 Exchange Questions - trying to figure out why or how to use
Hello, I am a newbie when it comes to 1031 Exchanges, I have a couple of questions. I have always heard about them, but don’t really know anyone who has done it successfully. Here are my questions: 1) Can you have mor...
Ralph E.
Do I need a business entity in any state I do business in?
Is it true that I need a business entity set-up in any state that I do real estate investing in?
Don Pham
Recently Self-Employed: What income do lenders look at
Hello!TL:DR What income do loan officers look at? Total, Adjusted Gross, or Taxable Income?More in-depth: Should I file as sole-proprietor and reduce my tax liability by reducing my adjusted gross income (pays more SE...