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I've always heard that I should use a corporation to reduce self-employment taxes while doing fix-n-flips. However, I've heard that you only need to pay high SE taxes up to $130k. If my W2 Salary is $130k+, then my ...
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I know the 1% rule is the ideal case, but that is no longer practical for most parts of Ontario especially Toronto GTA, is there anyone who has experience with renting with .6% or even less yet having positive cache f...
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Hello BP,
I am a new investor looking for general information on the SFH (3/2) market in each city. I am a buy and hold investor thus, appreciation is not that big of a goal. I am strictly looking for cash flow. A...
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Hi All, need some good advice here.Is it wise to sign a new lease with a new tenant the end of this month amid COVID 19 eviction Moratoria law in Florida?It sounds like almost any tenant can invoke this law and avoid...
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As someone who has just turned to 19, I have always wondered how people get rich out of properties. At first, I decided to become a doctor just because of the incentive of wealth and got accepted from many prestigious...
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New investor here. Would very much appreciate any advice on how to go about getting the most out of quit claim deeds. My mother currently has two properties. Her own and a rental. She doesn't want anything in her name...
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Hi all,Bought a 3/1 + den in East Point that I'm planning to make a 4/2. Just need to add a closet to the fourth room to officially make it a bedroom and will be converting a large laundry room off the kitchen into a...
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Hey folks - i'm considering a multifamily property in Bristol, Connecticut , but I know nothing of the area. Someone mentioned it was a "Dying Town" - so I should stay away. Can anyone confirm or deny that? Anyone inv...
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Hello all,I am new to BP and am currently spending every spare second of my time researching and learning about Real Estate. I am located in Spokane, WA where the market was "hot" all summer and is now leveling out a ...
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I currently own a town home in San Diego that I purchased back in early 2010 and have rented it out for the past five years. It is not a cash flow monster but has built up some nice equity in the last six years.
S...