Paul Brouwers
Flip Advice as far as Taxes
This is a bit long winded, stick with me.
My wife and I have live in flipped 2 houses, doing most the work ourselves over the past 10 years. Takes forever, lots of learning, have made great money. 2 years ago we ...
Brandon E
Rehabber AND Wholesaler?
Would it be practical to have profits from rehabbing projects and wholesale assignments all under one entity? Or do these two fields each require their own company?
Eric Phillips
Avoid capital gains/reinvest?
Greetings folks,I may be taking a job in the Spokane area which means my California home will be sold. I owe $220k and Im very sure that I could sell it for close to $600k. Im trying to figure out a way to avoid cap...
Naveen Desai
Y or NO on Invst Prop in Tx, lists as4b/2b but tax REC show 2b/2b
Hi, I am looking to buy a property in TX which is listed as 4b/2b, but tax records show the property is 2b/2b. For anyone looking at the house it does look like it is a 4bed/2bath as the garage was converted into ...
Nathan Yee
Transitioning IRA and old 401(k) to Self-Directed IRA
Hello BP Community,I'm looking clarify the following questions:What would the tax/penalties (if applicable) be for rolling over 1) my ROTH IRA and 2) my old, traditional employer 401(k) into a Self-Directed ROTH IRA? ...
Brandon Montgomery
Does your first rental really save you on taxes?
With the standard deduction being 24k (or so) for married couples will one single family rental save us on taxable W2 income? I just purchased my first property and plan to BRRR it so it will have 20k or so worth of r...
William Allen
10 Strategies to Slash Your Taxes this Year
10 Strategies to Slash Your Taxes this YearIf you have ever experienced being ‘caught out’ on your taxes and owing a huge amount, you know you don’t want to repeat that mistake again. We have gathered a few strategies...
Suzette Rodriguez
Real estate market with the new president ?
Now that elections are over how will the new president in office effect the real estate market?Will there will be positive opportunities for investors to make more money in the real estate market ?
Tim Hardeman
Need Advice: How to Structure Private Money Deal & Defer Tax
I have 12 houses that are seller financed (lender’s name is Shirley). Total loan balance $1.130 mil.
Shirley bought these houses in 2012 at a discount. I am estimating $500k was the purchase price for all 12.
Cu...
Tim G.
Calculating profit after flip sells
So this seems like a very noob question but I am having a serious brain fart here. Almost embarrassed to ask this!I just sold my second flip and i'm trying to calculate the exact profit amount. I've crunched the num...