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Results (1764)
Michael Seeker Self Employment Tax on a Flip
24 March 2012 | 10 replies

I'm wondering if/why I will have to pay SE tax and all the other extra taxes on my profits from flipping.

This would make sense to me if flipping were my job and I were self employed, but the majority of my income (a...

Matthew Teifke Assuming a mortgage
6 April 2017 | 16 replies

I recently assumed a mortgage with build in equity. I'm planning to turn around and sell this property and I'm curious as to what my cost basis would be for taxing purposes. Just to make this simple. I paid $30 k to g...

Peter Halliday Fair market valuation for IRA LLC containing notes
30 January 2022 | 13 replies

I read that the Fair Market Value for the IRA LLC is basically a combination of theFfair Market Value of the assets. Notes I read are valued based on the UPB and unpaid interest.   I wanted to check if that’s how most...

Pankaj Kumar How to defer/avoid capital gains tax on sold rental property
28 July 2019 | 11 replies

Hello All. I am new to the forum. Looking for guidance in relation to the sale of my rental property. I became an accidental landlord 3 years ago. I went to work for a company 3.5 years ago and bought a new constructi...

Jeremy Paschedag Security Deposit Separation
22 April 2017 | 19 replies

Over the weekend I heard third hand that, at least in Missouri, security deposits should be in a separate bank account than the main bank account. Supposedly it comes up if you're audited. I was told that you can use ...

Matt Burton Is this subject to a Deal or a Dud?
24 July 2018 | 15 replies

Hi gang,I'm a Vegas Greenhorn (been here 2 weeks )and also a BP newbie but have been following the advice and tips for a couple of years now.  Now that I am putting a stake in the ground and claiming to the world- I a...

Courtney Johnson Fight the city??????
6 March 2019 | 10 replies

Small mobile home park in Kinston NCAsking: $125,000Not in city but off of 58 S 15 space park (septic, well, paved rd)5 lot only4 POHs6 empty but ready lots $2,200 monthly incomeLot rent: $100 Trailer rent: 2-$400 2-...

Mike Wallace Agents allowed to wholesale....or have to cut in their broker on the deal?
7 April 2015 | 5 replies

I am taking my real estate agent exam this week. I am doing wholesale deals now. But I want to be able to list homes the traditional way from leads I get from my marketing campaigns.I want to be able to tell callers, ...

Josh R. New RE agent, HUGE BP Troll...
13 July 2012 | 18 replies

Hey everybody,

I have been trolling BP for about a year now and reading everything I can on RE investing. I am a newly licensed RE Agent in the DFW market and need advice on how to get started working with other inve...

Daniel Kramer A land contract, lease option, and seller finance walk into a bar
6 June 2019 | 6 replies

This isn't my area of expertise, but I'm curious and primarily what I am asking is for someone to outline the key characteristics of each and what separates them. The other day I was curious about what a land contract...