I own a business flipping vacant land properties so according to the irs I am a real estate dealer and my income is taxed as ordinary income which includes the full 15% self employment tax. I recently found out about...
Hello everybody. I'm fairly new to Bigger Pockets and real estate in general. I am looking at buying my first rental property, out of state, through a turnkey company in Kansas City soon. After I get a little more e...
I'm a struggling startup owner that has accumulated 300k in credit card debt at an average APR of 21%. I have two rental properties, both around 60% LTV. Values are $700k and $265k. Both occupied and cash flowing. ...
I have a townhome in LA that a family member is vacating soon. Ive owned it for 7 years and have healthy equity in it. I also have an investment property in Maryland so being a landlord isn't new. I don't want to fix ...
Best places to invest around the countryhttp://www.cnbc.com/2017/05/05/how-to-be-a-landlord-where-to-buy-homes-for-the-best-rental-returns.html
Hi Y'all,
Here's the story, and my thoughts. Please help and correct any misunderstandings I have...
Friend bought a house FHA for $127K about 6 months ago. $5500 total out of pocket at closing.
A buyer (former ow...
Just announced. More than many thought including me. I figured 1/4 point then another in a couple of months.Should be interesting to see how things shake out.
Im about to close on my first multi unit at the end of next month. I will be doing my own Property management at a rate of 7%. What is the best way to do this? Create company in my name ? Just claim the income on pe...
This discussion started today in a Facebook group for tax professionals. According to the thread, this risky practice is getting more and more common among some tax firms looking to cut costs.I realize that people hav...
Hi BPers, after waking up from the megamillion lottery dream. It's time to get back to RE investing. I've been following the house prices in Essex County, Union County, and Middlesex County. I see the prices have drop...