Cyndi Berg
Sales Tax Permit
Does anyone use of sales tax permit to buy their construction materials on there own rehabs and flips? If so I have you ever been questioned because you are not charging sales tax and paying back to the state? We ar...
Ryan Conklin
Earnest Money when buying from US Marshalls
Hey,
I am in negotiations with the US Marshall’s on a property that was seized in a tax evasion case. It seems like they like my offer, but they want me to put up 10% earnest before they accept. Is this normal? Is the...
Todd Haskell
Duplexes seem to be a rare commodity
It seems, as our continual search dredges on, that duplexes are both rare as well as seem to have a lessened appreciation out there. I get it. I see duplex neighborhoods that are nothing shy of a stereotype. I also fi...
Tylyn Corona
Claim rent as income or save it all for future investments?
I am thinking of getting a roommate while this COVID calms down. Do I claim rent as income and pay taxes on it? If so, how do I do that?Do I save it all for future investments? What are your thoughts professionally?
Manshi M.
Illegal Basement - Will my insurance company cover any damages?
Hello,I have a 2 family property in New Jersey. I am renting out the basement illegally. Question - Will my insurance company cover me for any damages that happened to the property and is not related to the tenant in ...
Todd Plummer
Selling a property from my llc to myself as my primary residence.
here is the situation... i bought a single family house to flip, but decided to move there as my primary residence. I need to get a permant mortgage on the property now in my personal name. The current financing is a...
Paul Garcia
Tax Deduction Question
I regularly overbuy supplies from home depot when I am renovating/repairing a unit. When filing my taxes, would it be okay to use my original receipt instead of the return one? I know it’s wrong, but is it common prac...
Edwin Duran
CPAs and Real Estate
Hello BP'ersThis sounds a bit like a newbie question but what value can a CPA or accountant provide a real estate investor, agent or anything RE related, with? Where is the correlation among the two professions ? What...
Cody Tappan
Start out loans with cash income.
Good Evening Investor’s,
I am a 24-year-old college graduate of business administration with my focus on accounting. I have had serious interest in real estate for the past 6 months. I have educated myself through...
Taz McDole
Debt to income ratio
Accountant is paid to hide my income banks tell me they won't lend because of ratio. How do I get around this