I remember I saw a topic like" What would you do with $50K IRA account" started by Josh, but could not find it anymore.
I am thinking about rolling over my old not performing 401K into a Roth IRA for a better return ...
Evening everyone,This is just a quick question for all of you regarding closing costs. I was pre-qualified for a loan and we started running the numbers to see how much everything would come out to total. Let me know ...
I have some questions about what to enter into the calculator specifically when estimating costs in New Jersey. I'm looking to do a flip and I'm wondering what I enter into the calculator for: -purchase closing costs ...
What closing costs are associated with seller financing deals? I have a deal for 12 units in which the seller is holding paper. Any help would be awesome!
Looking at alternatives to offset or defer capital gains. Yes I know about a 1031 exchange so that remains a viable option. But I’d like to have more freedom with the monies such as buying on auctions or other investm...
Hi everyone!
I'm a wholesaler who has gotten into flipping. I just flipped my second house and am trying to figure out how much money I made.
I have used a pro-forma profit projection spreadsheet provided to me by...
Hi everyone,So I was wondering what you would do when you want to do a 1031 exchange but have a mortgage on your existing property.Say you're selling a house worth 500k but there's still a remaining mortgage of 300k. ...
For tax filing, where would expenses associated with a wraparound mortgage be reported? On Schedule A? Some examples would be interest paid to the underlying lender, note processing fees etc.
Thanks,
Angie
I have an LLC for rentals and an S Corp for flips. Between cleaning up my books and tax prep, and filing my CPA charged me $1,200 last year and it may be more this year. I'm thinking it's just too much. I use Quickb...
After a long wait and patience, I purchased new home in our new home state of PA. Long shorty short, after going thru a long mortgage process, wasting 3 months and paying HUD extension fees, we decided to go for a cas...