My business is buying vacant land, cheap through tax lien foreclosure and then selling it. I own 125-vacant lots. Business is BAD, I haven't made a profit in years. I was holding some of the lots for investment but th...
I hired a insured, licensed, bonded general contractor to remodel the bottom unit of our building. According to our contract, he was to be paid in phases until the completion of work. He kept collecting advance paymen...
If my deductions are greater than the income generated from my property, how does that effect my tax liability?
Does it decrease the total amount of taxes owed? Or does my tax liability stay the same?
Okay so been talking to a CPA and they are telling me that I can't take a previous year's expenses and apply them to the year a spec home is built because I run on cash accounting. I want to know what my options are ...
I've heard on the BP Podcast and several other investors mention they have holding LLCs for their rentals, a holding LLC for their flips, and an operating LLC that manages everything. I'm just curious how this works, ...
I’ve been interested in STR in Maui for quite some time. So many people have told me that it won’t cash flow and is incredibly hard to find one I can legally rent as a STR.
Has anyone been successful doing this? H...
Hello BP, I just love asking questions and getting people's insight. So I have a friend who I try to explain some real estate things and he had a question. Being on Bigger Pockets, I've learned that you put money away...
I have a pending deal with hud on a sfh. My inspector went to do the inspection today but the house was never dewinterize and when he went to turn the water on it started gushing out from the wall between the utility ...
Hello,
Had a couple of questions on the current MH seller financing market:1) With all of the subprime lenders that appear to be offering low-down financing on owner-occupy mobiles (especially on land) is there stil...
Need help with transaction in Los Angeles. Offer trip to highest building in the world (Burj Khalifa in Dubai) in return for successful resale!
Transaction details:
PROPERTY
*...