Quentin S.
Arv 600k under contract for 400k needs no repairs
What's the best strategy to go about this. A house that's worth 600k arv is now under contract. We got it for 400k because he wants to pay the mortgage off and just walk away. Wholesaling wouldn't be a problem since i...
Sean Nelson
Buying Real Estate to Reduce Tax Burden
Newbie here. Im fascinated with the depreciation aspect of real estate and I have a question.Lets say I own a few different non-real estate related businesses. And my earned income from those businesses equals about $...
Casey Staidl
Best way to get a start out in the business
I have a basic question for any seasoned flippers out here in the BP community: What way worked for you the best starting out?
Im kind of stuck right now as of which direction I should go. I have a great job,...
Michael Shuster
When The Economy Recovers It Will Be Too Late
I find it rather puzzling that our society has allowed the media to force us to abort one of our natural gifts in life – our ability to use common sense. While I continue to invest in real estate (I doubt if I will ...
Earl Stewart Jr
S-corp tax filing for uber and flipping house(3 years held)
I have a single member LLC that is taxed as a S-Corp in which I flip homes and drive for Uber. I purchased a property in 2017 and finally sold it in 2020. I sold it for less than what I bought it for. I have filed the...
Tyler Jahnke
Well, That FLIPPING sucks! Taxes and expenses?!
Hello BiggerPockets!A few things:1. I have no experience flipping a home, but see myself doing it within a couple years.2. I'm always looking to soak up as much knowledge as possible.SO...You found a property, you fix...
Dustan Marshall
Retiring with rentals
I see lots of article explaining “how to retire with rental properties”. But I rarely, if ever, see any posts detailing those that have done it and live solely off the rental income. We are still in the process of pur...
Joel Bowen
Understanding how depreciation counts as negative income?
Hi guys, the following quote is from this BP article: https://www.biggerpockets.com/renewsblog/2014/10/2...Could somebody please help me understand this concept by giving a real life/hypothetical situation that makes ...
Cliff R.
Wholesale using LLC - Advice...
Good Morning, I'm a part time Realtor trying to get into wholesaling (I have another full time job). I have my first property under contract, and have a buyer for it. I created a quick llc and would like to sell thi...
Rich Weese
I may have gotten "lucky" again
As many on BP have heard before, I've been "lucky" in selecting areas to invest in over my career. It is well documented in my posts that I've been in the right place at the right time-and this helped my RE progres...