Hey everyone,I've been combing through many of the forums related to "end of year" taxes on the net profit from a flip. I've come to the conclusion that I just really need to talk to a good CPA. However, I do have a...
This question similar to one I asked before but are any of you investors that own houses under $300K making at least $500 Net? I got a response where some people are saying they make $150 after all expenses and that...
My primary business is not real estate. I use the income from my primary business to qualify for loans. I'm thinking about electing S-Corp next year, but I'm worried it will cause a problem due to my "salary" being lo...
So I inquire about a lot of fixer uppers in need of full renovations. But it’s tough to run numbers since taxes increase after renovations and stuff like that I was wondering if there is an easy way to run these type ...
Finally after a long crazy 2020 year, we have signed the contract on my flipping house that we did in the beginning of 2020. Original Projected sale was April but it was pushed back due to Covid, so we started selling...
I received a loan estimate after not needing to be on the job for 2 years. Now that I received it and see all these potential numbers pretty overwhelmed at all the numbers and technical terms just being dead honest. ...
My partner and I are wanting to use our credit lines for personal expenses while working on our flips. This would do 2 things: 1. Ensure that we have some income while working on said projects. 2. Lower our total tax...
Investment Info:
Single-family residence fix & flip investment in Knoxville.
Purchase price: $50,700
Cash invested: $90,000
Sale price: $205,000
Beautiful vintage 1920 Craftsman in the heart ...
Looking for guidance in getting started correctly for analyzing property to acquisition to profitability. Strategies for starting with little.
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I upgraded to a pro account today and wanted to try out the calculators. This is a fi...