John Rogers
A very large quantity of 1099-MISC's from wholesaling
Question for you guys! Some background...- I know when you sell a house you take title to, the title company generates a 1099-S, and that sales amount will need to match a gross figure on a tax return (e.g. an install...
Omayra Carroll
Which schedule is best for a Direct Mail Campaign?
I am putting together my yellow letter direct mailing campaign and I have been told by a couple of professional investors to follow the following schedule: 1st mailing, 2nd mailing within 14 days after the first,...
John D.
Should I become a realtor?
I have sparked an interest in real estate specifically the investor aspect when it comes to multi family properties. I’m loving all the info on BP. I want to learn more and submerse myself in real estate by possibly ...
Mike Bonadies
Rental Room House Hacking Tax Benefits
Hey guys I'm new to the real estate world and I have a question on Tax deductions when it comes to purchasing a single family home and renting out the rooms to tenets in the Baltimore area.I was looking into personall...
Cesar Tamayo
Buying property from another investor
Hi, I'm a newbie investor looking for my first property and I found a SFH listed on the MLS that is investor owned. Currently it is tenant occupied and the tenants are on a month to month lease. The agent says the i...
Craig Parsons
To Build a Garage or not To Build a garage
I'm working a flip in a commuter town about 60 miles south of San Jose CA. Current house is 2500 sqFt 4 bed 2.5 baths. We will be installing new cabinets, floring ,paint etc. All of that is pretty cut and dry. One ...
Sorin T
H&R Block for flip income?
Hi,
This is a tax question for flippers out there. Is HR Block premium a good tax program to capture flip income? If so, under which category do I report it?
My 1st year reporting flip income (had rentals before) an...
Clayton Crouse
Due Diligence Period
Hi everyone, Clayton here with a question on due diligence periods. I am currently selling my home, due to a military deployment and I'm afraid my agent isn't fulfilling her fiduciary requirements. I need help from a...
Mike Adams
Best way to inform tenants you're selling the property
What is the best way to inform tenants that we're selling the property they are living in? We've usually had real estate agents inform them, but the one we're working with is requesting for us to do so.
S Siler
1031 *plus* Section 21 $500k exemption on same property
Hi all. We're planning on selling a home that we used to live in. We can take the Section 21 tax exemption ($500k tax-free). But we'd also like to do a 1031 exchange. Now, I've talked to three (THREE!) accountants, an...