Jackson Tate
Tax Strategies for Flipping
I will be selling a flip in a few months and will be very close to the 1 year hold mark on the property.Other than dumping more money into the property in order to increase the amount of write-offs, does anyone have a...
Matthew Hicks
LLC restriction from employer, does this solution work
Hello,
I have a single LLC that I've used to flip a few houses in, but I've also started to rent out some properties (I currently have 1 SFH, and will soon have another and a duplex). They are all in the same LLC. ...
Christopher Frey
Yellow Letter Question......
Hello Everyone!New to the forum here. I have a couple rental properties I bought the traditional way, however I have decided to be more pro active and try to find motivated sellers mailing yellow letters to propertie...
William R.
REI book for my wife
My wife is supportive of me owning and managing investment property, but I would like for her to be more involved. I would like a recommendation of a book that would peak her interest. The books that I have read t...
Patricia Steiner
Wells Fargo Stepping Back from Housing Market
Source CNBC: https://www.cnbc.com/2023/01/1...KEY POINTS
1. Instead of its previous goal of reaching as many Americans as possible, the company will now focus on home loans for existing bank and wealth management c...
Dustin Erlewine
Flipping Business and Rentals....Different LLCs?
I am looking to meet with my account and figure out how I can avoid Uncle Sam's wrath. I want a LLCs for my rentals, however should my flipping business be a separate LLC or the same? I market to houses with my bus...
Joe Kim
Trying to get my wife to become real estate professional!
I work full-time (60-70 hrs) week on my regular job and do real estate on the side. Like most people I'm working hard to build wealth and cash-flowing investments in real estate. In the past 18 months, I've acquired...
Sean Walcott
Depreciation and Syndication
I am deciding about starting to invest in syndications, does anyone have resources that discuss the depreciation benefits? My primary goal in investing in real estate is to lower my taxes.
Laith Ali
What is your tax rate when flipping houses
Hi Everyone, I'm about to obtain a house and flip it. I was wondering what you're tax rate is when you flip houses. From what I read, I could be paying 40-50% in taxes. Do you guys have any strategies you use to save ...
Cody Johnson-Winsett
Tax Benefits of Real Estate
Hey there BP Nation! So I've been doing my research, taking in as much as I can and I hear of the many tax right offs and benefits to real estate investing, but there isn't much detail. Now understand I just turned tw...