Mike Prisco
Using Flipping income to improve DTI
Hi all, just a question I have that I've been having trouble finding an answer to. I have flipped 8 houses typically going at a rate of 1 per year with a very good return since I do a lot of the work myself. I have ...
Ashley Zhang
Colorado CPA taxes questions
I bought a land and build a Spec house (intend to sell ) which was completed at the end of January 2020. this is the only one I built so far, and it's also the only investment property I have. There were construction ...
Michael Ring
Meth Remediation Before Gut?
Hey everyone, I've looked through a lot of Meth House related posts, and based on what I've read it would seem that even if I want to take a house down to the studs for remodel, it would still be best to have the home...
Maher Bateh
capital gains tax?
If I buy and sell houses(flip) as a full time job, do I pay capital gains taxes? I read somewhere if it can be proven as a full time commitment and its the only source of income I make, the capital gains taxes are inc...
Account Closed
Scottsdale AZ STR had $5.4 million in Illegal Drugs On Site - Sure Hope They Clean It
How do you get Fentanyl & Meth out of an AirBNB?
********************************************************https://www.yourvalley.net/sco...
Police: $5.4M worth of illegal drugs found at Scottsdale STR property
P...
Wesley C.
Rookie tax question
This should be an easy one for someone to tackle, but I'm very new at this. I close on my first investment property next month. Not sure whether to flip it or rent it due to tax considerations. I understand that if...
Michael O'Byrne
Accounting method, implications for rehabbers?
Hi All,
We just started a c-corp to take advantage of ROBS capability, and I'm doing some basic research on cash vs. accrual method for accounting. For a rehabbing business it may not make much difference du...
James Kandasamy
Tax rate for Flippers and Wholesalers
i was told by my mentors that the tax rate is very high for the capital gains for flippers and wholesalers compare to landlord. I understand the landlord part clearly, however does not know how much tax does a flip...
Khalil Gio
Looking for help Pricing a Modular home move in Panama city Fl
Hello,I'm a local small invester in Panama city Fl, I'm trying to analyze a potential deal in my area and in order to do my DD I'm lookin for someone to give me a quote or their experience on moving a modular home onl...
Aqil Dharamsey
City not helping with drug dealing street
Hello fellow BP landlords. I have a multi family
In Rochester NY. 3 months ago city did an under cover drug bust and arrested a tenant from my building. Following that incident, I got a letter from the city stating th...