Account Closed
AGI over $150K. What do you pay taxes on?
Seeking some clarity.... If I have an AGI over $150K (lets say 39.6% tax bracket) and I own a rental property with figures as follows:- Annual Rental Income: $40K- Annual Operating Expenses/Mortgage Interest/Deprecia...
Kevin Whisler
Quadplex seems to be cashflowing 1k a month. What am i missing???
Turnkey 4 Unit Property I found: Occupied and makes $3900 a month confirmed currently.Principal and Interest: $1154Property Tax: $480Home Insurance: $125Vacancy- 7.5%: $312Repairs- 7.5%: $312CapEx- 7.5%: $312Prop. M...
Victoria Mack
Is it worth getting a brokers license???
I am a real estate agent doing rehabs. When I buy or sell I go through my broker and doing that costs me a lot of money. I was thinking about getting a brokers license but I am not sure what are pros and cons doing th...
Christopher Cronin
REIPro
How's it going Bigger Pockets? I was wondering if anyone has used the REIPro software by Chris Goff? I'm thinking about using it to help my wholesaling journey. I haven't found any reviews anywhere, so any reviews wou...
Joseph Skoler
Transfer real property from s-corp
I have a piece of real estate owned by an s-corp (of which I am the sole shareholder).It has appreciated substantially in the decades that I've owned it.I would like to transfer it to an LLC (of which I would be the s...
Paula Impala
Norada Capital Management suspending payments
I invested in Norada Capital Management and was coming here to connect with others who have invested. Did not receive my payment from Norada this month (June) and just received the following notification in my email....
Mark Gallagher
Trash Hacking
I've searched BP to no avail on best ways to get rid of trash and haven't really come up with much. Near me, it's $59.90 including tax to dump 1 ton at the transfer station. Last project, there were 7 tons of debris. ...
Richard Warren
Fed reduces 2009 outlook
Federal Reserve reduced its economic outlook for 2009.
The central bank said it expects some business conditions to improve in coming months, but it also lowered its assessment of the economy for the full year and sa...
Jennifer Lee
How one 475K condo turned into $2.75M in Assets in 15 yrs
Hi BPI had a post which I initially intended to describe now I did a 1031 Exchange to trade my first home (condo) into a $1M 3 story commercial flexspace (currently 6 units)as I began to write this, it should have bee...
Mike R.
Palm Springs
I have had a vacation rental in Big Bear Lake for 2 years now which has done very well (over 200 nights a year- grossing over $50k a year) on less than 200k investment. I'm also managing 3 other properties in Big Bea...