Jackie P.
Tax Implications of Flip and Option Cancellation
1) Investor 1 takes over a house subject to a 65K balance and 3K back payments. Deed executed between seller and Investor 1.
2) Investor 2 puts a 1K option on the house with Investor 1 at a purchase price of 75K.
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Account Closed
Do I need to list LLC on tax return if I didn't make $ in 2018?
Hi all,I started a LLC in 2018 and didn't make any money on it.Do I need to list that on my tax returns?Thanks,Ben
Constantia Petrou
Security Deposit Question
Hello,This community has been so helpful and I have learned so much from your advice! This time I am facing a dilemma with regards to charging some damage I incurred when my tenants' moved out as a result of their lo...
Braxton Johnson
New Construction Investment Strategy?
Good Morning! My company has been investing in residential property for the past few years. We are trying to broaden our scope into the new construction space but I am having a bit of trouble finding resources coverin...
Ryan Biankowski
What Would You Do In This Situation? (Investing Flip Profits!)
Good morning everyone, I am currently in the middle of a live-in flip that is about 80% complete. Not much left to do as I am approaching 2 years living in this home. If I were to sell the property in April or May n...
John Gavin
2 owner LLC - breaking it into 2 distinct LLC’s
A friend and I have an LLC that owns multiple properties and for several reasons we would like to split the LLC into 2 LLC’s and each own one. We would like to split the homes and both have separate LLC’s moving forwa...
Robert Huizar
Created 2nd LLC, whats the proper way to fund this? (Details)
California LLC. Business established Jan 2018. My partner and I started off by forming an LLC but quickly learned that we should probably have a passive and an active income LLC. We have already poured our funding ...
Rick Grimsley
Are expenses looking for investment property deductable?
We are in contract to buy a home with a rental apartment unit. I spent money traveling to see the home in another state. Are these expenses deductible after we complete the purchase?
Mohamed Hersi
How to avoid interest rates in real estate?
Is there any way I can avoid interest rates or will I have to create debt to be profitable in real estate?
Kristel Daugherty
FSBO vs MLS discussion
Hello investor friends!It's Sunday, and I thought I'd start a friendly discussion about the pros and cons of listing a property in your portfolio as a FSBO or using an agent to list on the MLS. Even within the MLS op...