![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2577272/small_1667413191-avatar-inkym.jpg?twic=v1/output=image&v=2)
My name is Kevin " Inky Mann" Holmes.
I'm a music producer and host of Inky Mann Show (YouTube). My goal is to retire at 50 (I'm 49) and I believe Real Estate can help with that. My introduction into Real Estate was ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/190548/small_1621432102-avatar-mindyjensen.jpg?twic=v1/output=image&v=2)
Our Director of Operations, @Scott Trench , is quite young in the grand scheme of things.But his experience level raises his age considerably, and his thought processes show just how wise-beyond-his-years he truly is....
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/304540/small_1621443039-avatar-lisam18.jpg?twic=v1/output=image&v=2)
Does anyone know if you have a net loss for the year, do you claim your home office deduction that year and carry it forward, or do you "not claim" it, hold on to the info, and claim it when you have a net profit for ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/902059/small_1695394517-avatar-junz3.jpg?twic=v1/output=image&v=2)
So I have been looking at properties on RedFin for about 2 years. I have no real estate experience. But I am close to 100K saved up.
I notice that in poor/rough neighborhoods, like the West side of Chicago, propertie...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1818123/small_1621515833-avatar-jesses249.jpg?twic=v1/output=image&v=2)
When doing a flip 100% all cash. Do you pay taxes on the price you sell the house for. Or just in the money that you made profit on?Let say you bought a house for 30kSpent 20k on rehab And sold for 70kDo you get taxed...
View report
*This link comes directly from our calculators, based on information input by the member who posted.
I compared the data given in the Proforma statement by a turn-key company in TN with ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/434098/small_1621476461-avatar-calebf.jpg?twic=v1/output=image&v=2)
Hey all,My wife and I just closed on our first live in flip (first flip for that matter) on Monday and walked away with over $63k! Then yesterday I opened up escrow for our 2nd rental property. Things are finally pick...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/840788/small_1621504284-avatar-brycer8.jpg?twic=v1/output=image&v=2)
Investment Info:
Single-family residence fix & flip investment in Winston.
Purchase price: $90,000
Cash invested: $40,000
Sale price: $170,000
Took over payments for a relative and spent 2 mo...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/47448/small_1699645975-avatar-slackadelic.jpg?twic=v1/output=image&v=2)
Minus Brokerage Fee (900)Minus attorney Fee (350)Net to seller = 2250Personally, you couldn't PAY ME to take title to this POS.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/684131/small_1685134136-avatar-andrewp125.jpg?twic=v1/output=image&v=2)
A good article from a fellow Texan that lives in Dallas How a real estate side hustle helped us add $1 million to our net worth in 5 years