HiI bought two properties this year and sold them for a profit. It is my understanding the profit from those flips will be treated as active income and subject to self employment tax. However I didn't even lift a fing...
Hey guys. My wife and I have been married for 1 year. My wife is someone who takes convincing to take on risks and I understand her concern since my tendency is to pursue things feet first and go after it. She is okay...
So I have been having problems with a tenant paying on time. She always pays at the end of the month instead of the beginning. Obviously I charge a late fee for this.
Last week after picking up October's rent...
Question for the smart masses. I am catching up on podcast and I listened to episode 55 featuring @Jimmy Moncrief. He stated you could use a retirement account as collateral for an unsecured loan. Does anyone know an...
I am currently looking at a 15 unit complex sales prices$1,350,000. Net rents (minus 5% vacancies) is $170k expenses are $48k. Cap rate would be about 9%. I am thinking of doing a self directed IRA to pay for the d...
Hi Bigger Pockets Community!
I'm looking for a CPA specialized in Real Estate that can help me put together a plan on how to proceed with my real estate investing.
Current Situation: I recently became a landlord (D...
I'm in a bit of a bind and I'd really love some advice. My lender has rejected me last minute because he was unable to count my property management income towards my debt/income ratio since I haven't done my 2016 taxe...
How would you solve this problem? Let me know your thoughts!I’ve had my eye on two boarded up, deteriorating residential properties built in 1919 and 1922, next door to each other, each on approx. ¼ acre lots, nice C...
Ok first off I would like to say that I am not a land dividing professional nor do I claim to be, I am simply posting what I have learned on my own and done myself. For all of you who try this please make sure to due ...
Hello everyone, I am trying to get into tax deed/sale, and had couple of questions. I understand every state has a different law in terms of tax deed/lien, and they go based on that. - I have encountered states like P...