Jackson Tate
Strategies for Taxes on Long Term Sale?
My dad is going to be selling his home soon, a house he has lived in for almost 40 years. He will more than likely be able to sell it for close to $2M, and his basis is probably around 500k. This sale is what is going...
Matt Murphy
Do I need to issue a 1099 for a rehabbed property I hold?
I have read many articles related to needing a W9 from your contractor and ultimately issuing a 1099 eventually to account to payments made to the contractor during flips. I have not seen anything about if this is st...
Farruq S.
Landlord's Vs Liability
Does the landlord needs to protect themselves from any potential liability from handymen? Unlike the contractors, the handyman may or may not carry insurance and therefore, in case of any injury at the work site, can ...
Tony Robinson
Real Estate Attorney & CPA Referral
Hello BP Community! I live in California, and I'm in the process of buying an investment property (SFR) in Louisiana with a partner. We're thinking of setting up an LLC but would like to consult with a professional. C...
James C Harris
Sharing ideas (Help)
Looking for sage advice on how to get started buying rental properties in this economy.
Christina Hsu
Trump Tax Code changes affecting REI?
Just saw this article on the potential changes to the tax code which would impact REI. How would this affect the different real estate strategies like BRRR, multi-family, etc.?https://www.nytimes.com/2017/04/22/busine...
N/A N/A
Any ideas here?
Here is my dilema...... I have several high end properties with 65-72% LTV but don't know how or where to find buyers for them. Any suggestions other than marketing them with realtors? All suggestions welcomed. Ma...
Michelle Curran
Cost Seg on a STR Reno all Self-done
Trying to determine if a cost seg study is worthwhile. Our purchase price was very low $225k and land value about 30% of that. We renovated property doing all the work ourselves so I'm not sure if we can factor in our...
Japnik Singh
Becoming a Real Estate Professional with W2 Income: Need Your Advice!!
Hello, Real Estate Enthusiasts!
I'm at an exciting juncture in my journey towards becoming a real estate professional. While I'm all in on this new career path, there are a few things I'm still trying to figure out. ...
Vip Anand
Rental losses for accidental owner
Hello,I bought a new primary last year and rented my earlier home as I am able to cashflow $200 per month (this is thanks to 3% interest rate). If I sold the unit today, I will walk away with $100K in profit after age...