It's been three months since my first post and I have a better understanding on what I would like to focus on. I was leaning towards wholesaling at first, but I understand in order to do it right will require more up ...
Happy New Year All -So one of my goals for 2019 is to get my book keeping much more organized, and while doing that I have a question I thought I would throw out to those more experienced than I. 5 years ago I left my...
I have researched this topic extensively on Bigger Pockets and elsewhere and I am still struggling to understand the tax code.
I have a STR property that went into service in Jan 2022. I met the Material Participati...
Myself And a contractor friend have a house under contract. The deal is I found the deal we got the hard money together. He fronts all renovation cost(he has a construction company) we split the profits 50-50. We pla...
I am a full time federal employee, who works 40hrs a week, no more. I work 13 hour shifts and only 15 days out of the month.
I obtained my Florida real estate license, but have never sold a home. To add clarity, I a...
Any feedback on this progressed-based payment schedule for a $450K remodel project?Should there be more specific milestones like flooring, appliances etc? Possibly withhold a little more for job completion? Maybe 15%....
I am currently in the middle of a rehab which I plan to make a rental and then refinance. I have signed contracts with all my sub contractors, however, whenever I check on how things are going they are not happening ...
My partner and I are currently building our fix and flip business plan and are hoping to get our first rehab in the next month or two. He will be responsible for the rehab and working with the contractors. I will be a...
HI guys,
My contractor tells me that he has issues getting his subs to come to the job site and finish what they are contracted to do. I gave him the idea of putting % rewards for finishing earlier than and % penal...
Hi there,I have bought and sold 2 properties over the last 3 years. My tax agent just told me that I would have to pay 15.3% self-employment tax since it's considered a business. But 2 houses in 3 years can hardly be ...