Michael Ablan
Using Cost Segregation to Claw Back Taxes w/ Corona Stimulus Bill
Hey guys,If I'm reading this correctly, within the weeds of this massive stimulus bill was a pretty interesting tax loophole....."Businesses with losses can carry back net operating losses (NOLs) to prior taxable year...
Steven Barros
BUYING REAL ESTATE W/ BIZ ON 30 YEARS TERMS? GOOD IDEA OR BAD?
Hello BP,I have an opportunity to buy an established beer and wine market w/ existing business. Offer is 400K for both. The business claims it nets 120K, the owners are not currently paying themselves rent. The buildi...
Rudy Nieves
How to 1031 tax exchange?
So I’ve recently hit a year on my house hack property in Florida, and I’m only a few years out from finishing my current military enlistment. Rather then let the house sit on the market rent less while I transition ou...
Rich Schroeder
no idea what I'm doing...$300k equity
I'm not a wholesaler, never wanted to be one. Then a property has kind of fallen into my lap. Here's the specs...
5 BR 5BA home
1.75 acres wooded lot
right down the street from me
market value after $10k repair is $...
AJ Angel
Forming an LLC in NC
My partner and I want to form an LLC before I purchase some property in NC. I've heard many ways of doing it and to start it. Whats the best way to get started? where? do I need an attorney? is everything online? Tip...
Phillip Henderson
House hacking tax advice
Hello BP members, I am a new REI in Oklahoma. I have purchased my first property and I am curious as to what I should do about collecting rent. I am house hacking this property and for tax purposes I am trying to find...
Ciro LoCascio
After 7 Months offer finally accepted!! Question Now?
Hello Guys,
After a long 7 months my offer was finally accepted on a short sale. But after receiving the approval letter from the bank I have a question regarding the numbers below. My cash offer was $94k a...
Andrew Feil
To Sell or Rent...
Hi BP,
I have a dilemma. I am working on finishing up a total remodel of a 4 bedroom, 2500 sq ft house in a great area. I will have around $80k into it total by the end. I am trying to decide whether I want ...
Roman M.
Financing income question
Hello BP community, I recently sold my personal property and was able to gain a profit of about 53k which I am planning to use as a down payment for my first rental property. I work as an independent contractor and ha...
Francisco Cruz
Determining what to focus on when analyzing a deal CAP RATEvsROI
In determining whether a deal is a good deal or not, what matters most CAP RATE over ROI or ROI over CAP RATE?