Robert Anderson
Trying to figure out taxes on my first flip. Capital gains or no?
Hi, I purchased a house in Rockland Ma last May 27th 2016. It is a flip, and i'm getting ready to put it on the market. I am trying to figure out what I will owe for taxes. I'm looking to be creative and maximize my r...
Craig P.
Live answering service
Hello all.
I look forward to meeting many of you at the Investor Summit in CO.
I am looking for recommendations for a live answering service. We average about 100 or so inbound calls a month and in many cases we ar...
Jordan Archer
What mortgage rate is TOO HIGH for Subject-to financing?
Hey BP,I want to wholesale using subject-to financing. The goal is to get the properties subject-to, then use a wrap mortgage to sell to a buyer (at a higher rate than the origninal mortgage being taken over subject-t...
Jay Dean
Deal Analysis - Need input / help
I am working on a spreadsheet for deal analysis and I need some input.In my deal (year 1) I have $10,512.00 in income and $8,316.96 in operating expenses. Thus, income less operating expense is $1,195.04. What is th...
Account Closed
Selling a property that still has tenants
Hello! My name is Thomas Pascarella and I'm looking to sell a property that I previously house hacked but am now using as a rental property. My tenants are leased up until the end of February and my agent says it can'...
Jason Carter
need help selling my home without an agent FSBO
I have a neighbor interested in my home. I would like to sell without an agent since I already have a buyer lined up. I was hoping someone here has experience with FSBO and could share what is needed to close the deal...
Derek Serks
Capital gains tax on home owned less than 2 years.
Have a question about Capital gains tax on a home. This is for 2017 tax year. Owned a home for 23 months and sold it for profit. Can not use the 2 year capital gains exclusion so the full profit would get reported on ...
Shannon K.
Structuring a Cash for Keys to help a distressed homeowner
I'm trying to structure a deal to assist a distressed owner I know. Here's the details, please advise if either option could work. Market Value of the property is about $230,000-235,000 Taxes and insurance are escrowe...
Nick Hulme
Which state gets to take my money?
Hypothetical: I live in California, I have an LLC in Wyoming, and I buy long-term rental properties under that LLC in Utah.Which state collects income tax on the cash flow?If I were to sell a property, which state c...
Austin Fruechting
Duplex Under Contract - Flipping, Karma, & A New "Toy"
I have a duplex under contract to close April 28th, and I'll be flipping it for a new toy. The toy is an expensive one, and WAY more than I could justify spending. So I thought "What if I flip a property to pay for it...