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Results (6659)
Steven Cramer First Flip... to LLC, or not to LLC?
8 February 2021 | 6 replies

Hey all! I'm looking at purchasing a single family unit in West Philadelphia (E. Parkside) for a fix and flip with my father. We're 50/50 partners in the business; I'm a licensed Realtor in PA, he is not. This is our ...

Charissa Bruckman Write-Offs for Taxes
17 November 2022 | 2 replies

When flipping a house, what are some expenses that can be written off for tax purposes? This home is a few hours away; so what about things like driving miles, anything we purchase for the house, food while working on...

Leigh S. Can a bank pull my credit report without notifying me?
25 January 2022 | 7 replies

My LLC has a small investment loan for a multi-family property through a local credit union. Last week, I was notified through a credit monitoring service that the lender pulled my personal credit report. I asked the ...

Casey Spivey Assumable HUD loan?
4 February 2012 | 5 replies

What are the qualifications for an assumable HUD loan? I have ran across a multifamily complex and the owner states thay have already went through the HUD process and the HUD loan is assumable. He didn't know specific...

Maxwell Fontaine CPA or EA Agent advice
30 November 2017 | 5 replies

Hey BPer's,I was just looking into accountants and i came across EA agents and CPA.  I believe both are accountants and offer up general accountant functions BUT I believe the EA agents is more up to date on state law...

Thomas Brady 1040 Schedule E question
7 October 2015 | 6 replies

Hey, I'm new to the investing world and just requested the 1040 Schedule E from the seller. As I was reading through it, all the numbers looked good to cash flow with, until I came to depreciation expense, which was $...

John Blanton How Quickly Can You 1031
17 November 2020 | 15 replies

I recently closed on a 14 unit MF property in Central NC. I was able to get it at a fairly low basis and it appraised well above the contract price.I have spoken to brokers that have told me if they being me an offer ...

Jon Begley Do I need a professional cost segregation for new construction
19 December 2017 | 16 replies

I recently finished construction on an 8 unit apartment building and it contains a mixture of 5, 15, & 27.5 year property. My question is, I have invoices for what those specific items cost so do I still have to h...

Timothy Solomon REPS status for wife (to avoid taxes associated with sale of biz)
22 May 2021 | 7 replies

I am about to sell my business and make a substantial amount of income from it. Does anyone have any experience with getting REPS status and immediately investing the money in real estate from the sale proceeds to avo...

Alex Ghameshi High Electricity and Gas Bills for Triplex
30 December 2020 | 2 replies

Hello,
I am in the process of purchasing a 1890 built triplex in Fitchburg, MA. The current setup by the owner is that he pays for electricity and heat for the tenants. There is one 3-bedroom (5 people) and two 1-bed...