Looking for a CPA or accountants advice about the tax implications of fixing and flipping a single family home. When I resell the home do I just pay standard income tax or do I pay capital gains tax as well? Can I ded...
For those who are flipping houses and buying rental properties, what are you using to keep track of everything? I’m a little old-fashioned and still use my spreadsheets but I plan on boosting the volume on both fronts...
Hi BP fam!I am setting up a Self Directed IRA and am just getting the operating agreement taken care of. I've been advised that the following setup is OK:I have two SDIRA accounts, one Roth and one Traditional. Both r...
Hi Every Just a quick question does anyone set-up their renters on a one year lease where they pay weekly instead of monthly. I'm looking at a property where they have done this and they told me they make more that w...
I was not sure where to place this post, so feel free to move it if necessary. My apologies in advance.
I have an RV park that has been running for 3 years and I have been filing taxes under my name, and just runnin...
Hey everyone!
I recently inherited a piece of property, single lot in a residential neighborhood, city water, not sure about sewage yet. It's the home I grew up in. Anyhow, the trailer/Frankenstein house built around...
My goal here it to have a step by step reference guide for myself and other beginners.I’ll start from the beginning as far how I think step by steps should go for investing in rental property with a conventional loan...
Hi, I'm trying to scale up my mailing campaign drastically...is there a way around purchasing books of stamps for the going rate? or is the cost per stamp something I just need to get use to spending?Thanks
Hey everyone! Just had a question regarding LLC formation and what you guys think is the appropriate way to approach this. My brother and I have just gotten an offer accepted on a home. We want to form an LLC but are ...
So folks I just bought my first multi-family. It's a 3 unit, but has an odd utility setup. It has 2 furnaces and 2 water heaters and an odd set up. So Apartment A is on its own system and they pay everything themse...