Hello,New to the group but learning a ton and interested in feedback from others especially tax professionals. I'm considering partnering on a flip in Southern California. I have a regular 9 to 5 but know someone in r...

First off, I spoke with my CPA regarding an LLC and I'm wondering if she is correct regarding the taxes on an LLC.  She stated that if I were to buy and sell a property under an LLC that the entire gross amount would ...

We partner with a guy who does fix and flips.  He buys the house and does the rehab.  We loan him the money both to buy the house and do the rehab and we share in the profits when it sells.  We don't charge interest p...

So, Monsieur Morneau has announced changes to private corporations and to the capital gains tax - but no real details. http://www.cbc.ca/news/politics/morneau-tax-change... I'm assuming this will effect a lot of us he...

I purchased a piece of residential land on 2021-01-27 to build on and eventually be a rental property. I'd like to sell it and purchase a built property and have that be the rental property. I will sell the land for m...

Good Morning All,

I want to figure out how can I get access to the MLS in Simi Valley or LA county. I am not a realtor.

Regards,

Sunil

I'm trying to gauge interest in a crowdfunded flip program.  One of the biggest barriers for most starting investors is the initial cash deposits needed.  This program would require your time and votes.  It is not a R...

I bought a townhome with a VA loan in August 2014 and our renters took over in June 2016. We are considering selling this summer, and I am wondering if we can leave the unit empty for two months so we can take credit ...

Hi!  I have a rental out of state that has dramatically appreciated in the 24 years I’ve owned it (paid $110k, MV is $340-375k). It’s been a rental for the past 15 years, and is fully paid off as of 5 years ago. It re...

Long post here, bear with me please!Hey everyone! Here's the scenario:So let's say I recently purchased a first home at $185,000. It is a 3 bed, 2 bath in very good (move-in ready) condition with a driveway, good size...