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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...
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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...
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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...
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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...
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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 ...
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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...
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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-...
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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, ...
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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...
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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...