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Came across what appears to be a really great deal on 3 new SFUs from a single seller. These will be rentals #s 3-5 for me so I know what I'm getting into. Currently thinking I'm going to finance via 2 traditional mor...
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We're starting our flipping business this year in order to fund our buy and hold strategy. And I understand that income from rehabs/flips is taxed at the highest level. However, we intend to use all profits for the pu...
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My husband and I bought his grandmother’s house last year and have fixed it up. We decided to use it as a vacation rental to offset the costs of owning and maintaining it. Our fIrst guests since the remodel are stayin...
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Hey guys, I had a 3 bedroom 2 bath 1400 square foot SFH across the street from a pretty decent college. Tuition is approx. $27k per year. Rental rates would be between $1300-$1600. I was able to get the property under...
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Ok BPers. I said in a post a while back I'd post the numbers on a small apartment complex that I am pursuing. Here they are. Comments are welcome:
Purchase Price: $325,000
Units: 29
Mix: all one bed/bath (one effi...
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Introduction
This complex topic has been discussed on many BP threads, with persistent misunderstandings and misrepresentations. Many investors fail to grasp the fundamental principle of taxation: you cannot, based o...
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If you had one question for a professional house flipper, what would it be??
Now is your shot to ask! James Dainard is a prolific professional house flipper, with a track record flipping nearly 4,000 homes in one of...
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Hello BP, Im a new Investor and I'm planning on Flipping a house soon once I figure out my funds, but my question is do I need to get an LLC before hand? Or is it just better to have it in general?