Chris Rogers
I am a new member here...
I am part time real estate investor and full time marketing consultant. Interested in doing real estate flips and passive income strategy. I have attended couple of professional real estate programs and have gained lo...
Mary Jay
How to calculate your tax bracket for retiremenet?
Hi guys,How do you calculate your tax bracket for when you retire?Can you please correct me if I am wrong:Lets say you have 10 paid off houses that each bring you 1k so total you have 10K per month. Plus lets say you ...
Chris Rand
How is cash-flow from rental houses and apartments taxed?
I live in Louisville, Ky, and I wondering what kind of taxes to expect on cash-flow from rental houses and apartments.
Jason Schmidt
tax question on interest
i was wondering - if i have 3 rental properties that bring in say, $1000 a month each - $500 of which for each house (or $1500 total) a month goes to principal, does that mean that my tax break would be $1500 x 12 for...
LaVonne Eaton
Would I need to probate or is a quit claim deed enough?
Covid may have made this issue more commonplace. My stepfather signed a (notarized) will and quitclaim deed to me in the hospital just weeks before he passed away. He didn't have a will before that time. It's taken a ...
Drew Dim
Spec Build - should LLC file under S-corp?
so I've filtered through the archives and didnt see an exact fit to my question so here goes.I have a lot that will have potentially 3 spec homes build on them. The 1st is under way and will be completed Jan/Feb of 20...
Barbara C.
Taxing and wholesaling business
After reading lots on this forum, I realize that I do not need to create an LLC but an S-Corp for purpose of (personal liability protection only) . Since the taxing will pass through to my personal income thus the sa...
Thomas D.
Time to Sell Everything
Well, I have always thought I was a buy and hold guy but I came to the realization after speaking with some friends in finance, investing and banking that we are at peak levels. I contracted to sell a few things t...
Tanya Jayakom
LLC vs LLC treated as S-Corp
Hi Everyone!My name is Tanya and I'm a newbie in RE Market. I'm planning on setting up an LLC for my wholesaling/flipping/creative financing business. I've read some Guru's books talking about LLC treated as S-Corp. A...
Sagnik Lahiri
1st flip ... good profit...but I'm afraid of taxes!
Hi everyone!
Bought a property under my name for a buy and hold. Got great interest and now I'm fielding offers.
Bought it for $110K, spent $70k in fixing it. Have 2 offers for $260K.
Now that the flip is a vi...