Derek Kerley
Flipping - Taxes
I might be missing something but when I do calculations for potential flips, such as 70/30. The numbers work, but when I take into account taxes I would have to pay on my gross profit (purchase price - sale price) it ...
Dakota Verrico
Self Employed Mortgage Qualification Difficulties
Hello BiggerPockets community,
I have been struggling through the process of getting qualified for the past 4 months. It has been a long, hard, and incredibly brutal process. A little back story first, about a year a...
Christopher Gardino
A few questions in regards to a LLC and a real estate business
I have read that in using a LLC, one can create personal protection against a real estate property in the case of lawsuit. Is this true in regards to a primary residence and should I be looking to purchase my first...
Robert Anderson
Trying to figure out taxes on my first flip. Capital gains or no?
Hi, I purchased a house in Rockland Ma last May 27th 2016. It is a flip, and i'm getting ready to put it on the market. I am trying to figure out what I will owe for taxes. I'm looking to be creative and maximize my r...
Jason Spicer
Self directed IRA for lending and rentals
The more I learn, the less I like my conventional IRA invested in stocks. Am I correct in my thinking that I could transfer into a self directed IRA and use those funds for lending and accrue that interest tax differ...
David Heyburn
Successful in real estate with Down syndrome?
I’ve begun my real estate investing journey, in large part motivated by the birth of our son who in October 2021, who was born with Down syndrome. Not knowing, what his professional or employment prospects will be as ...
Wendell De Guzman
Confessions of a Scam Artist - Some Gurus Know These Tricks!
Hey BP Nation specially Newbie Investors:I found this article and I believe everyone should read this. This will help real estate investors and wannabee investors from being manipulated by the gurus:CONFESSIONS OF A S...
Brandon Ingegneri
Utilizing a 457 Deferred Comp plan and Roth IRA to invest
I am aware of people utilizing self directed IRA's to invest. I have read here that people use their 401k's also. I personally know of someone who uses his pension plan from a private company to invest with. Here a...
Bill D.
Solo 401K and employees
Hello BP Community,I to move my retirement accounts into a Solo 401K and I understand that you can not have full time employees and still qualify for the Solo 401K, so I have a couple of questions about this. My busin...
Brenda Budzinski
Tenant Screening
Has anyone used a company called Rent Prep for tenant screenings?