Jessica Parker
Tax strategy advice for flipping/wholesaling
Hi fellow BP'ers! So My husband and I are at the very beginning stages of getting our investing career going! We just created an LLC to flip and wholesale out of. We don't need any of the money we will be making fr...
Julio C.
Understanding Cap Rates
I’m trying to understand cap rates in multifamily real estate, and I don’t mean getting the resulting number of dividing the NOI by the value of the asset.What expenses should be included in the NOI formula? I typical...
Cam Kopley
Fix and Flip Personal Labor Repairs - Can you claim them for tax?
I found a deal for a fix and flip. I am wanting to do 90% of the work myself to save reno costs. For capital gains taxes, how can I charge my personal time to the cost for renovation?Ex. ARV - $161kReno-$16k (if co...
Michelle Loftis
Recommendation for CPA in Houston?
Hello,
Does anyone have recommendations for a CPA in Houston who is knowledgeable about the ins and outs of real estate investing?
We specifically need help deciphering the rules behind self-directed IR...
Lamont H.
Can anyone refer me to a Lawyer and Accountant familiar with REI (Specifically Wholesaling)
Hello BP family,
Can anyone Refer a Lawyer or Accountant in or close to the North Jersey area.
Any info will be greatly appreciated.
You can PM me if you like.
Thanks
Craig Comstock
Has anyone started an LLC for flipping houses?
I recently bought a new property and started renovation with a contractor. I plan on selling it and using the funds to buy another property to renovate. I was wondering if anyone has started an LLC to flip houses and ...
James Mc Ree
PA real estate business shut down
Gov Wolfe of PA issued an order today to shut down all business physical locations that do something other than offer life-sustaining products or services. It may shut down the entire PA real estate industry. It say...
Account Closed
Referrals
Does anyone have any good accountants that are familiar with real estate and L.L.C. formation or real estate agents that work with investors in the Phoenix area that you could refer. I'm also looking for a Title Of...
Jason Gumnitz
S Corp Vs. LLc for a Part time DJ
Hi all,
Before I ask my question I would like to provide a brief overview of my current situation:
I am a full time salaried (W2) employee of an Investment Bank, but also DJ parties on the weekends through a fully i...
Kelly G.
Contractor insurance - rely on 'company' or the sub?
I am having replacement windows installed in my rental SFH (WI); (didn't know where else to post this). The window 'dealer' (Zen windows) has liability insurance; they use sub-contractors for installation. I aske...