Carson Wilcox
Starting out... help me understand the tax man
So. I am starting out, working on a deal right now where I will partner as a JV on a SFH with an experienced investor. At the end of any flips we do, I will get a check and a 1099 at year end...What I want to know i...
Jake Hancock
Tax issues on corporate owned property
Hello all,I have a dilemma involving tax issues on a property I own.In 2010, I purchased a single family residential property. It was purchased by my (solely owned and managed, I have no other employees or officers) T...
Sean McKee
How to use HELOC to fund down payment?
Hi,I am going to be using a HELOC to fund my next property. The HELOC came with two starter checks in the mail I am able to use. How would I actually go about accessing the HELOC funds for the down payment? Would I ne...
Daniel Scott
Capital gain tax on investment property
I have a rental townhouse that we wish to sell when the current lease is up, in about a year. We owe around $100k and its valued at roughly $185k.My question is how will I be taxed due to the capital gain if I do a c...
Kayla Strozier
Earnest Money When Buying Neighbor's House FBSO
I have a rental property that is a townhouse. My next-door neighbor to my townhouse has agreed to sell her townhouse to me. We are doing this without realtors. How is earnest money handled in cases of FSBO? Should I j...
Joon Kim
Seller asking for 100k on top of asking price for STR business
Looking to purchase my first property for STR and looking at an existing STR business.The seller is asking for 100k on top of the asking price for basically the right to continue using the property as a STR as well as...
Account Closed
Flip Pics Before and After
@Tyler Smiarowski @Justin S.Well, I'm all settled in S. Florida now, but we managed to finish up this flip in Cedar Rapids, IA, right before we left. Here are a couple of the after pics!! The hard wood floors were ...
Rawn Wilson
Depriciation Recapture and Long Term Gaines Calculations
I bought a house in 2003 and lived there 3 years. When I deployed to Iraq in 2006, I rented it out and have been renting ever since. I was new to real estate and did not depreciate it until recently (maybe past 4 ye...
Wendell De Guzman
How To Buy & Sell 1,000 Properties At A Time
This morning an opportunity fell on my lap (well...to be exact, the opportunity was emailed to me). It's an opportunity to buy and sell over 1,000 REOs that are NOT on the MLS. This opportunity came from a credible so...
Maria Mejia
Leads- Is this legit?
This was posted in one of my FB groups:"Hi i have Propstream. My Propstream leads will end automatically after 3 days. i Want Give propstream leads without any fees. free of cost. email me your target area."When I ema...