Noah T Simmons
Accounting questions about 1099
Hey BP! My name is Noah Simmons and I am new to the REI world. Currently I am subbing out my work as a contractor for real estate investors and with every job over about 500 bucks I’ve been paid through a 1099 rather ...
Lance Carpenter
Indianapolis Property Management
We currently have 2 SFRs in Indianapolis that are under third party management. They have not been cash flowing well due to long vacancies (multiple months) and overly expensive make-readys. We have already done two m...
Alea Burke
Help a Flipping Newbie
I am purchasing my first flip home. My plan is to reinvest the money into my next project and I will be holding the properties for less than a year. What sort of taxes should I expect to pay and what are the best ways...
Chris H.
Can you transfer a traditional ira to a self directed roth ira?
Is it possible to transfer traditional ira funds to a self directed roth ira?Thanks for your help!
Shaun Weekes
7-29-17 Fannie Mae is coming out with DTI up to 50% back end
Fannie Mae's new DU version that comes out 7-29-17 has a few changes that are going to help investors. The main one is the fact that DTI will now be potentially accepted to 50%. Freddie Mac has had this for some tim...
Courtney Huber
Partnering with a Contractor in a deal
Hi everyone! New Pro member here! I couldn't find much discussion on this topic, but trying to find anyone who has recently partnered with a contractor on a project and if they have any advice they could share.
Dale Ranft
Self directed IRA disqualified persons
I’m planning to flip a house, I was talking to my ex-wife about it. When I got to part about a hard money loan and the interest rates she mentioned cashing out her Roth 401k and loaning me the money. She just recently...
Account Closed
Residential Assisted Living - Tax write off Question?
Hello guys,If I own a property and use it as a licenced (Residential Assisted Living) business, can I write off my property depreciation? Can I legally rent it to myself through a separate entity and write that off as...
Jason L.
How do you manage accounting for properties under a property mgr?
For years I owned one self-managed property that I was easily able to do the bookkeeping on with Excel. However, I recently bought two more units that are under professional management. The PM company gave me an owner...
Rony Rockford
House Hacking via Airbnb. AirBnB managers in Lubbock?
I'm a first time home buyer in Lubbock Texas and planning to get into real estate by house hacking a SFH. I'm wondering if it's viable to host 2 guest bedrooms on vrbo/ABnB and live in the master bedroom? I work full ...