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View report*This link comes directly from our calculators, based on information input by the member who posted.
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I'm planning to partner with a friend on two flips in 2014. We will each be contributing equal amounts of money to the projects. Since I only anticipate doing two flips next year I'd prefer to declare the profits...
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Hi all! I hope everyone is staying safe and sane through these strange times. I am scratching my head (figuratively) and hope a few can give some advice. I have a condo in a large gated community of both sfh and condo...
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What are the tax implications for the seller of a seller financed property in which the seller purchased, remodeled and sold it on terms?Hypothetical transaction with easy numbers:1) Seller acquires property for $100K...
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Good evening BP community!I recently started doing business as a RE investor and I would like to hear from other investors out there your thoughts about filing taxes as an LLC vs an S-Corp. Taking in consideration tha...
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I have realized I cannot keep up with the workload doing the work myself. I will be hiring GC's from now on. I was hesitant because I know they could charge an arm and a leg for something that's not even difficult. I ...
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I have a relative who is looking to 1031 out of their first rental. I have been thinking of creating a new LLC that would they could “contribute” to as part of their 1031 and combine that with my investment $$ and in...
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Thanks for reading my first post.
We are in the process of rehabbing a 2-unit house that is over 100 years old. The tenant that most recently lived in the first floor apartment was a bona fide hoarder. He had a littl...
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Owner financing is like a secret weapon for folks looking to sell their properties after hanging onto them for ages. Instead of selling your place outright and getting hit with a massive tax bill all at once, you play...
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Good afternoon BP! I could really use your help here.My name is Ed and I joined as a Pro member this year to push my real estate education into high gear prior to making my first investment purchase. In the meantime...