How to calculate holding during rehab? what is the formula to holding cost in a rehab?
I have 6 rentals that I and my investment partner bought through LLC (50/50), in 2019, for around $1m, before COVID. We're now planning to split the properties (3 each) and go our own separate ways. Over the last 4 ye...
Hey BP, I am currently trying to get my first SFR investment property and would like to set up a sole LLC. I am not sure exactly what coverage/services I will need, so would like to speak with a professional who isn't...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $392,975
Cash invested: $93,000
This property was purchased with two other partners under a joint LLC to help a vet...
Currently seeking lenders in the Cleveland, Ohio area or anyone who is knowledgeable in this area. I am trying to get clear on if I am able to refinance out of an FHA loan (have occupied over a year) but I am most lik...
Hello! I am considering co-purchasing a home with my mother and want to know if the current inheritance property tax law that was voted in this year in California (saying if you inherit property, you inherit the prope...
Self-employment taxes are imposed on self-employment income in lieu of Social Security and Medicare taxes that an employee would typically have withheld from their paycheck. It is calculated on the net income that an ...
Hello BP Family,I've read so much on whether to file our STR as Schedule C or Schedule E when filing for 2022. This is what I gather:Schedule E = Passive, No 15% self employment tax, No passive loss tax benefitsSchedu...
When do I deduct the build cost of an ADU if it was never put in service. For reference I built the ADU on an investment property, I no longer have the funds to finish and plan on selling the property.
Hey, BP. I'm in the Houston area and I want to know what seller contracts and buyer contracts yall use for wholesaling