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What do you consider a good net profit or " home run" ? I'm thinking of selling. I know that there are many variables such as ROI, COC, time/duration, percentage, CAP Rate, etc. Looking for a number dollar figure. I w...
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Hi BP community,
Anytime I've googled REI topics or looked for YouTube posts the answers are almost always provided by those who are selling mentorship or coaching REI.
I'm really curious as to the motivation behin...
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If I buy and sell houses(flip) as a full time job, do I pay capital gains taxes? I read somewhere if it can be proven as a full time commitment and its the only source of income I make, the capital gains taxes are inc...
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Being a fairly new landlord (3 years) and having just gotten into my first multi-family. I have found myself making concessions for a certain kind of tenant more than any other. I seem to give much more leeway to t...
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Hello all,
I'm talking with a seller who is fairly motivated as she is quite elderly (even has a great great grandson). She owns a few properties, each worth about $100,000 and is thinking of selling them. Sh...
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The quote in the title is from The Associated Press in 2016. Apparently, the government will release redacted DJT taxes soon. I don't know much at this point other than what NY Times wrote about in this article THE PR...
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I recently (late Sept. 2018) purchased a duplex in FL. The property was fairly run down, i.e. overgrown yard, the occupied unit has window coverings consisting of aluminum foil and/or bed sheets/blankets, additionally...
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Quick take on new tax bill-if possible defer income to 2018. Pay deductions in 2017. My first move!Lower tax brackets in 2018- less deductions available in 2018 compared to 2017. Example: Florida allows you to pay pro...
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This is a revision of my popular post from 3 years ago. See, the older I get (don't ask), the more annoyed I get with the endless "I WILL SHOW YOU HOW TO CUT YOUR TAXES in DECEMBER" emails, posts, webinars, podcasts, ...