Hello all, I am starting a rental arbitrage business shortly. I have a question regarding if I can use BPcon as a tax deduction for my business. I would love if a CPA could reach out to me on this post or by direct me...
California LLC. Business established Jan 2018. My partner and I started off by forming an LLC but quickly learned that we should probably have a passive and an active income LLC. We have already poured our funding ...
I have a deal for $135,000 with 0% interest. This is in the form of a promissory note in exchange for the house. The seller is worried about tax liability down the line. Instead of a $135K loan at 0%, could we say som...
Hey guys,Just wanted to throw an update out there! PSA: I am not bragging. Mainly because I don't have much to brag about lol Anyways, 1st week into the new year and I have already wholesaled 1 house! Whoop whoop! Th...
What's your top 10 steps
Hi Everyone, Does anyone have any suggestions for software (or SOMETHING) that quickly creates offers and/or for sending out purchase agreements to sellers? If not, what are you using to get this done efficiently? App...
Hello everyone..So I currently have a home under VA loan that I’ve owned for 4years. My wife and I are looking into purchasing a new construction home in our area also using the VA when the builder made us an offer th...
Hi everyone,I am working in a wholesale deal for 3 quadplexes in Jacksonville Fl. I heard that commercial multi family properties are 5+ units and are appraised based on the income. I am confused how to evaluate this ...
Hi all!
Few questions here. I recently purchased an investment property from a family member and am just trying to help them out with capital gains tax now. The caveat there is that the property has 4 dwellings and o...
I have a home owner who contacted me today in a nice area of my market that has an average of $1141 in Rent and ARV of $140K. Here are the details:His spouse past unexecptly and now is wanted to sell and open to heari...