Paul W.
Any tax implications for cash out refinance?
Are there any tax implications when you cash out refi on a rental? If your lender allows a 80% LTV, you just get a check after closing and no worries ?
I'm curious if people do cash out re fi to their max LTV and the...
Kyle Pierce
Any way to lend and be taxed at less than ordinary rates
Hi BP,
I have a question about private lending. I have a lender who wants to lend me 100k to use in our flipping business but was wondering if there was any way to structure the deal so the interest that he receives ...
Chris George
setting up LLC to Wholesale properties
As I said in the wholesaling thread, I am going to start wholesaling properties but was curious as to whether it is recommended if I set up an LLC, I have read somewhere that if I don't then the IRS will consider me a...
Nancy Bachety
First deal flip profit and taxes
Hi - this is a forum I just discovered. We're about to buy our first flip and expect gains this year, over and above our two W-2's. Can anyone speak of the losses doing a flip can use to minimize the tax consequences?...
Ana Marie B.
Taxes, Fees Incurred Selling Mom’s House
Hi BP Fam! Have a situation where my mom and her siblings are looking to sell their elderly mother’s single family house (who is alive and moving to a care home).There is a living trust in place. Wondering what sort o...
Jasmine Williams
How to get clients starting off as a new agent?
I'm taking my class next month and I'm just curious when your a new agent how do you get clients besides contacting friends/family. I know open houses are great for that but do your brokerage provide you with clients?...
Julio Gonzalez
How to Utilize R&D Tax Credits in Your Manufacturing Business
While we know that many manufacturing companies face tax concerns, there is a potential solution. Companies may be eligible for R&D tax credits while being unaware that they qualify. This can be a wonderful tool t...
Alvaro Rodriguez
Transfer ownership of a property
I own two houses in Texas, I am single with no kids. I only have my mother with me and I want to make sure someone gets these houses in case something happens to you.Is it better to draft a document where she takes 10...
Jacob Allen
Gifting Real Estate
If a parents home is paid off and they want to give it to a child is simply gifting the real estate the best way to go?
Scot Howat
Taxing on "net" proceeds on a HUD
How do I avoid taxes if I use my own funds for the rehab costs and downpayment?Other than a 1031...ExampleIf I put down 20k (20% of 100k purchase price) and put another 20k into the rehab and sell it for 150k, I would...