Lalainya Rawlings
Moving capital/profit from private Investor to LLC
How is capital/profit moved to and from an investor to a business? Person X wants to invest in Flipping LLC. Can they simply wire 100k to the business account?Can the business account wire 110k to person X when the pr...
Kasper Rune Søgaard
How to calculate depreciation and tax burden
I am having some issues figuring out to calculate how depreciation affects my tax for a rental property. I have an example below. Is it correctly calculated correctly?
Example:
Purchase price: $1,500,000Rehab: $100,...
Sharmeka White
doing lease options and options fees and working with agents remotely
hi i am investing in lease options and I am running into situations where the seller wants the option payment making it hard for me to profit, I dont mind working with them but how can I profit. OR do you simply n...
Paul D.
How does a mortgage company look at depreciation?
Hello!Normally, on my taxes, I try to break even or make a little profit BEFORE applying depreciation to the property.I recently applied for my 6th mortgage, and the loan officer significantly lowered my buying power ...
Devon Rollison
19 year old with question about selling based on cap rate
Hello I am 19 and soon to start wholesaling, can someone PLEASE look at this and tell me what is wrong with this/ how this is not the true reality... it seems WAY to good to be true it is literally insane, but realist...
Orlando Paz
Question about partnering with a seller to flip a house.
The thought of partnering up with a homeowner to fix and flip crossed my mind, and wanted to get thoughts on the idea. These would be people with homes that need some work, and are looking to sell. They would get to s...
Ilir Shkurti
Partnering in Flipping homes - how to exclud partner’s profit split from my taxes
Hi, apologies in advance if this question has been asked before. First some background. I am considering partnering with a friend, who happens to be a skilled builder/rehabber, on flipping homes together. We are consi...
Christopher Waddington
First Flip: Should I buy and flip the house I grew up in?
Hey guys, Real Estate newbie here. I have been educating myself on real estate for the past couple months and am excited to get into the game. So here is the current situation. I currently live with my father in the h...
Kristine J. fisher
Top 10 Tips to Survive The Coming Recession
We square measure approaching what's seemed to be one among the most important exchange drops in history. This may create the last crash appear as if a picnic. You need to produce a recession-proof strategy for yourse...
Karen Seale
How to calculate 1031 Boot Taxes
Hello everyone,We have been searching the posts here on BP and still haven't really found a specific answer to our question. How do you calculate tax on a 1031 Boot? Here's our situation: We sold one property and...