Will Johnston
Tax Deductible Uses for Extra Funds from Cash Out Refi
I recently did a cash out refi on an investment property to pay off the line of credit I had used for the downpayment on said property.I have about $5k in funds left over, and I'm trying to figure out what to do with ...
Johnson Best
today's market to do 1031 exchange and only 45 days to find one
Hi Everyone,I have an investment house in Las Vegas I want to sale it, and I will incur almost 250k capital gain. Since it is an investment so I dont get the tax exemption on it.So is the only way to avoid paying hef...
Lacie Gilbert
Splitting Profits on a Flip
My mom and I are buying a house to flip. She will put up the money for the house and rehab. I'll be doing all the work. We're going to split the profits 50/50. This is my only job and will likely be my only reported i...
Lucky Purewal
Rental Income
Do you have to declare your rental income? It is a joint property and the other owner refuses to declare. Can you write off mtg payments? somebody please help!!!!!!!!!
Dan L.
The Roofer Sales Tax Con
Just had a roofer try that sales tax con on me. Went something like:
Roofer: “It’ll cost $6,800 for a new roof”
Me: “Ok, sounds good, let me think about. And you think the plywood looks okay?”
Roofer: “Yes I d...
Mariesa - Katherine Janta
Writing a commercial real estate business plan for multifamily
Hey, I am writing my first business plan.My company structure is a wy LLC , that’s hold local AZ LLC wich hold the CRE Multifamily property. How do I set up the plan ? Coming from the WY LLC or for the AZ llc? Do both...
Asher Anthes
Filing my schedule E for the first time, need help
Hey guys, just bought my first home in May of last year. Have got it rented out and living in it with positive cash flow. I'm looking to buy another house ASAP.
My question is how to minimize my taxable income this...
Terry Portier
My First Quarter Earning’s & Start-up Cost
Labor: 180-hours (15hrs/wk, $80K median household income) = ($7,200)
Labor includes reading BP(education), looking at properties, going to REI association meeting’s, talking to banks, agents, internet research(home...
Sam Schlosser
Investing in a friends deal
Hello,A close friend of mine has acquired a property and construction financing to renovate. He has asked me to come on as a 50% partner. I am struggling to think of how to do this at this point. His name is on the co...
Christopher Herrera
No permits but work done
I am looking at this house that has no permits. The garage was converted but we will just convert it back. However I think the master bedroom was once two rooms. It is very long and has two widows with different shape...