Alanna Williamson
Should I Just Do IT??
I have the opportunity to earn a finders fee of $20k. This would be my first endeavor in Real Estate. I don’t have a company, llc, team established yet. Is this legally ok to do?
Why or why not??
Also, looking to bui...
Ken Collins
Would you do this Triplex Deal?
About me: I am a new to Real Estate Investing, began learning 2 months ago, and have decided to jump in. First and loudest message I have heard is that it was important to act and start making offers and that will ac...
Byron Stoddard
Any good CPA's willing to answer a few questions?
I'm working a cash paid job (1099), and wanting to start investing in real estate very soon. I am currently filling taxes myself via turbotax. I file as self employed. I have spoken to a few different CPA's. They have...
Alfred C Dunlap
Filing taxes, CPA or DIY?
I've been wholesaling since October. Plenty of marketing, but I haven't closed any deals yet, so no income yet just expenses. So how should I file my taxes, CPA or diy (turbo tax, HR Block)?
Christopher Sharp
Real Estate Taxe Question
Hey Guys! I have a question regarding taxes. I am currently house hacking my investment property. Do I count what I pay as revenue coming in since I live in the unit? For example, If my expenses come to $1500 and I ha...
John Fairchild
Kansas City earnings tax?
If I have a LLC and use a property management company for my rentals am I subject to the 1% earnings tax? Or is that considered a “hands off” activity and not taxable? Thanks!
Johnny McKeon
(HELP 😵💫)Arizona transaction privilege tax license
Hey BP, I need help with the Arizona transaction privilege tax license. do you guys know or do you know someone that would know how to help with this?I have a question about the Arizona transaction privilege taxDo you...
Shawn Blake
Strategy for multi-family investment
New investor and considering a multifamily investment. The property is 2 units and a 3 story townhouse. I would be purchasing with an FHA loan, how do i assess if the deal is worth it?The property comes with one unit ...
Nathan Waters
Profit and Loss Statement on Rental Properties.. Mortgage?
When you write up your profit and loss statement, how do you break down the mortgage? Is the interest, taxes and interest the only loss? I'm assuming principal is not written in the loss category even though it goes a...
Craig S.
Is Net Income or Gross Income Used For A Mortgage?
Hello,
I am looking to get financing on my first deal. I am looking at purchasing a multi-family apartment (max of 4 unit) through the FHA program.
I am 22 and self-employed. My gross income is a lot higher than my ...