I've recently been bitten by the real estate bug and I can't stop reading. In the past week alone I've gone through 5 books, some broad, some very specific. All the books were by well accomplished investors and not "g...
I have a single member LLC that is taxed as a S-Corp in which I flip homes and drive for Uber. I purchased a property in 2017 and finally sold it in 2020. I sold it for less than what I bought it for. I have filed the...
Hello friends, Being a newbie to this, i wanted to get your expert opinions on the below. I own a primary residence which i am currently living in LA, CA. The house has appreciated quite a bit. I have ~350k of mortgag...
Hi Everybody My question is when analyzing a property should I consider income tax in my analysis or should I assume that the deductions will reduce my taxable income to where its pretty much evens out and not worry a...
Hi all, I see a few different calculators out there but each one gives different results. Perhaps someone help or point me in the correct direction. I'll be selling my only rental soon and wanted to determine the capi...
Hello Everyone,
I am new to the world of Real Estate investing and I came to bigger pockets to get ideas and advice for my next deal. But before I post about that, I wanted to share with you all my first deal, w...
I'm am a starting Real Estate Investor and I am in the planning stages right now.... I'm using the The Property Buying Process as of right now as a guide from the Ultimate Beginners Guide
So I am on step th...
Hi there! Curious to hear about how some of you might approach the analysis for deciding whether to sell an inherited single family property or rent it out for income. Are there any other factors that you might cons...
Hey guys,
I did some digging on the topic and I'm sure it is somewhere in the archives, but I can't seem to find anything about "quiet costs" (taxes, insurance, cost of money etc) when determining max offer.
...
I have a flip project with 2 partners through a joint venture. The property was purchase in an llc I own with a separate agreement stating our purpose, roles, and such.
Question: would the capital gains tax be calcu...