Cindy Auch
Is interest received from fix & flip loans subject to self employment tax?
Wanting to understand how the interest part of our income (partnership LLC) for short term loans- mostly fix & flips, are considered for tax. One accountant said it’s not subject to self employment tax since it’s ...
Andrew Duna
The Actual Steps When Purchasing a Property
Hi BP I wanted to make this post in hopes of helping people understand the nitty gritty little details involved in the transaction of a property.
I did a preliminary search to see if there was a post like this but m...
Stacy Tring
Investing in someone's primary residence
Cousin A currently lives in one half of their primary residence and rents out the other half.Cousin B has a rental property they want to get rid of by doing a 1031 exchange.If Cousin B buys 50% of Cousin A's house as ...
Eric Etzler
SmartMove tenant score
New to Smartmove. So far I have run a Smartmove report on 3 tenants. All three appear to have dismal tenant scores 478-485. Are these as bad as I think they are? What is a median and a good score? Is there a legend s...
Loren Becker
Title Report is 35 days old with a lot of issues
I am in escrow and have a preliminary title report dated May 1, 2017. there has been a lot of issue on preliminary title report.Should I order another preliminary report that is more current? or is the the title pol...
Mikey C.
Buying a house at a foreclosure auction
Hello, this is my first post here.
There is a foreclosure auction on a 850 square foot house that's appraised at $330k. The land that the house sits on is 50ft by 300ft. The house on one side is nearly 500k and t...
Mason Jeffries
Best Tenant Screening Companies
What is, in your opinion, the best tenant screening company online and why?I looked at options like Cozy and MySmartMove. They seem to require the tenant to create an account basically run their own reports. Is there ...
Ignacio Rosenberg
Multiple homes in a year + credit scores
I’m trying to understand how people are buying multiple units in a year or so, without their credit score crashing. I would assume after your second mortgage in a few months the ability to get another one, even at exo...
Tinia James
Made no profit this year should I still file taxes?
I started dabbling in wholesaling a few months ago,I do not have an LLC. I haven’t made any profit yet and I’m wondering if I should still file taxes for my “business “.
Russell Gronsky
Syndicators love the IRR
Why do syndicators focus so hard on IRR? If you have a specific return you are targeting, wouldn't PV be a better metric to calculate?