Account Closed
General questions on rental properties
Hello all....
I am reading and researching and really enjoy the learning process as it slowly becomes clearer, I’m English and the property buying and selling processes are somewhat different but, I’d like to think I...
Account Closed
CPA Advice, Flipping in Maryland
Hello BiggerPockets!I am seeking some advice relevant to when to bring a CPA onto my team. I have provided an outline of my current situation along with the direction my partner (@kanwar sodhi) and I intend to go belo...
Brandon Phillips
NEW SUCCESSFUL WHOLESALERS!!!
Anyone just start out this year in wholesaling want to share any successful deals they did in their first year? Any tips, guidance, dos and don’ts? I’m new to this and want good information. Thanks for the feedback!
Marc Littmann
The Fair Tax
This is my first forum question, so thought I'd start out with something light, such as tax reform. I just re-read "The Fair Tax Book" by Neil Boortz and former Congressman Hal Linder. Has anyone read this book y...
Brian Winkler
LLC within my IRA
Hello everyone. After years of stalling, I've recently taken the plunge.. Appreciative of all the advice and information the BP community provides and suspect I will be spending my nights reading as much as I can...
Dylan Swinney
Taxes on assigning contracts
I am very interested in wholesaling or assigning contracts to kick off the start of my investing career. I have found a lot of information on the process but have yet to find anything on taxes. Can anyone help me out??
Henrietta Lee
Tax pre-payment for rental sold
Hi, I sold a rental property that was rented for 16 years in CA this year. The net capital gain was $480,000. Depreciation taken was $100,000. Escrow already withheld CA State tax. I'm retired in FL with $25,000 socia...
Javon Rice
Starting out with Tax liens
A person told me a story if how they bought a property through a tax lien for $500 and then say in it for a year and the refinanced it and got $80,000. Is this real or doable?
I'm a beginner and I want to begin some...
Theresa Rivard
Dscr loan Co-signer
If I have a cosigner for Dscr loan, do they have to be on the deed or just the loan?
Chuck Van Court
Computed ROI on fund and impact of Reserve for Loan Losses
I am an investor in the BroadMark fund, which provides investor return from 1st lien position hard money loans. I am generally happy with the fund thus far, but they seem to be using an overly favorable method to com...