Jim West
Sole proprietor wants to put more in IRAs
Hi all,Just found this site and am very anxious to explore all it has to offer. I have a quick tax/IRA question. My wife and I own a 4 unit building that we reside in. We are both also self-employed in separate busine...
Adam Wigdorski
Simple excel or cloud software
Someone will have the answer. I own 32 units spread across 5 buildings Some are in my name and some are in 2 llc’s Was prepping for my taxes and the single spread sheet for each building is becoming a pain in the butt...
NA Morris
How to sell land in floodway
We purchased 11 lots across the street from our homestead Approx 20 years ago in order to prevent building and overcrowding. We are now disabled and maintaining the land (in city limits) is becoming too much, AND prop...
Ken Swearengen
Are two SFH on same piece of property considered multifamily?
I've come across a property that has a detached 4 bedroom home and a detached 2 bedroom cottage. My question -- if I rented out both buildings, would that be considered a multifamily for tax purposes? Or do both units...
Account Closed
Rehhabing & 1031 Exchanging Profit To Multiunits
Hello Guys,
I have a question to those who flip 25 plus homes a year. What is the best strategy out of the two I am about to put down below
Strategy one: Flip homes sell them, take profit and keep flipping, paying ...
Christian Weber
Selling Every 2 years - Pro's and Con's
So a colleague is absolutely killing it in RE investing. 4/5 years ago he bought a condo cash 200k, used a heloc on it to flip 1 property that year. Year 2 he flipped 3ish properties, year 3 he got an investor who gav...
Kenneth Morff
Buying an Apartment Building, Lending After the Purchase
Hey there BP Folks! My name is Ken. I don't post on her much, but I have a question. My wife and I are looking to finally dive into Apartment building investments. We are purchasing a rental right now, and then taking...
J. Mitchell Bernier
New HUD Nominee: Great News for Housing Affordability
Recently Trump has announced the nomination of Scott Turner to be the new Secretary of the Dept of Housing and Urban Development, HUD. If you are not familiar with Scott, Scott was the Executive Director of the Opport...
Andrew M.
Maximize tax savings with investment property
Hi all,I'm purchasing an investment property next month (December) (2 units). I want to maximize my tax savings when I file my taxes next April, so I was wondering what I should do til the end of 2022 to maximize my t...
Romell Haley
tax liens
i am interested in the tax liens properties.. I'm from Baltimore and I am new to all of this and wanted to know how would I go about getting my Tax lien certificate....??? Where can they be purchased and how can I fin...