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I friend of mine that flips houses told me that's all I have to do is get a free EIn and pay for my business license (which is only 25.00 in this state) in order to be considered an official business. She told I don't...
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If I purchase a duplex and live in one side and decide to renovate the side I’m living in. Can I write off/ deduct my expenses for the renovation?I would be doing this to be able to rent it out in the future at a high...
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Happy Tuesday BiggerPockets. I am seeking some "what would you do" information. If you were in the process of gaining your first property and were approved for a 40K business line of credit, would you buy a SFH (ther...
We are a new investor couple with one deal finally working. My wife is an active real estate broker associate in Colorado. Does a real estate license help or hinder making deals for wholesaling or buying and selling...
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Hello, My Name is Rob, and I am new to the forum and Pro. I have a question about presenting. I am looking at a property and I am ready to send an offer to the OFF Market owner. not sure how to present the offer. The ...
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Hi BiggerPockets community. I came across this article posted by the NAR about the economic outlook of the new year. With the trade war and certain industries struggling, there is some uncertainty there. This article ...
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I have been hand writing yellow letters for the past month, targeting foreclosures, probates, and absentee owners. I have been reading forum posts about there strategy, whether it is better to send one letter to ma...
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Good evening BP, I recently received my real estate license and currently working part time at Keller Williams Northville/Novi Market Center in Novi,MI. My plan is to eventually go full time and continue to grow my bu...
Hello, I need some advice from "smart" money people on what to do in my situation... It's a good option that I have I just want to do the right thing.. I am currently 34 yr old live in Fort Myers FL and bought a house...
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When using the fix and flip calculator where would I capture repayment of IRA funds used to cover rehab costs? For example, if I plan to use $20,000 from my IRA to cover some rehab costs, where does that get recorded...