In J Scott's book he says he wants at minimum 10% ARV in profit for a flip. Is this pre-tax or post-tax? For example, let's say you're paying 40% taxes on all profits due to being in the 24% tax bracket and having to ...

Hi everyone, I have  a tax question. Any help is appreciated. Can I obtain a quote to build a property through a reliable general contractor to be used as my cost basis?  My intention is to maximize the depreciation, ...

I would like to invite some advice about this situation.   We renovated our rental of 10 years in October/November 2022.  We have a closing date in March 2023.  Also, our income tax bracket for capital gains in 2022 i...

Has anyone cashed out their 401k after the CARES Act was passed this year?  Was it difficult?  I am considering cashing out and putting it in rentals  
cliff

I have a question;

In terms of taxation on income taxes for the IRS, how is rental income treated? For example using AirBnB services?
Let’s say my condo makes 30k/yr in AirBNB before taxes, after all my deductions I ...

Having a hard time finding info on Biden’s tax plan on long term capital gains. I see he’s Proposing basically doubling the rate for the 20% bracket. Does anyone know if his proposal effects the 0 and 15% bracket?

I am planning on buying a SFH through FHA owner occupied loan, fixing it up and then selling it. How long do i have wait so i can sell it without paying the Capital Gain Tax and also how much is it for me to pay. Than...

I was recently reading an article related to house flipping in Canada, there is a new law that states that any profit made on a home which is "flipped" will be taxed in the same tax brackets as employment income. From...

Hello Bigger Pockets!  I am seeking some advice on withdrawing from my Roth TSP. I finished my active duty last August and have not done anything with my TSP since then. It has continued to grow, but I am interested i...

Does anyone have thoughts on pulling funds from 401k to start investing? After being on BP for a few weeks now im ready to start investing. I dont have enough reserves for a down payment. Any advise would ne greatly a...