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Can somebody explain all the tax disadvantages for a house flipper? What's the best approach for a first timer? Buy and quickly sell the property after renovations or hold it and sell it after some time to save money ...
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As I get prospective tenants emailing me, would you have them fill out credit and backround check before you would show them the property or after. My thought is if they don't qualify whats the point of wasting my ti...
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I have a potential deal in place to wholesale a property in NY. My attorney stated that end buyers use their own attorney's and that I would have to pay out of pocket for my attorney plus title search if the buyer doe...
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Should be closing on my first deal in a week, a duplex. I was trying to shop around for insurance... I tried to get 4 different quotes, only 2 agencies responded back to me... of the 2 that didn't, 1 of the agents w...
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My brother and sister in law recently purchased a new home here in ok. Their old home is in need of repair with about 75k left on the mortgage. The arv is 120k. Rents around 1k.Here is my question. They are willing to...
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Hello BiggerPockets MembersI am looking into buying a NNN property and was wondering if there are any specific lenders that specialize in such dealings? I contacted my mortgage broker from chase and BOA but it appeare...
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Looking to free up my VA loan , is it a good idea to convert to a conventional / FHA and use my va loan for an investment property ?
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Hi,Any tax guru can help me out on this question:I want to pay my kids for working for me...but don't really know the pros/cons between W2 - payroll vs Issue 1099?Thanks in advance for your help.
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Hello all, I am currently renovating my rental property in Glendale, AZ that I purchased in May 2022. My property will be in service mid-September of this year. I am looking for any information and advice on how I can...
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What are the downsides of electing to be treated as a real estate professional for taxes? Would this make my real estate rental income become active income instead of passive? Is this taxed differently? I do not have ...