I just sat down with an investor today to start a relationship as their go to agent. They will be fully funding flips in Orange County under $550K that I find for them. They want me to find the properties, create a pr...
The appliances in a duplex I bought are going to be replaced. Would love to write it off next year as an expense but wondering if that would raise a red flag with Uncle Sam. What do you all do? Capitalize? Or Expense?...
Send me a message if your investing in Utah. I love to network!
Hi!I am looking to buy a property and use my HELOC for the down payment. I would like to be able to pay most of the down payment back shortly after I purchase. I have heard on the podcast of people setting a purchase ...
BP community,Looking for ideas on how to structure a development JV with a land owner. Where I live the city government passed a bill loaded with incentives to encourage owners of urban lots to build affordable renta...
Please don't take this the wrong way, because I am really very interested in the answer. Though it may appear condescending, I am sincerely attempting to understand. I just can' think of a way to word it that doesn'...
Here are the specifics of the deal. The total sales price is 300k. The seller has offered to carry a note for 75k. I am planning to get financing for the remaining 225k, but know that most lenders do not allow second ...
Hello AllThis is sort of a Question and FYI...We got a demand letter to stop using the following phrase on/in ANY content:"we buy houses" (within quotes)within the next 7 days or face legal action from the folks over ...
I’m planning on to flip a house later this year. When I profit from a flip I know I have to pay the capital gains, is the tax paid at closing? Or do I pay the capital gains when I do my taxes next year?
Hi I'm going to be doing a 1031 exchange soonI wanted to ask and make sureIf I did about $30,000 in improvements being depreciated over 7-10 years on my old downleg propertyWould this be forwarded to the Depreciation ...