Chris Arce
Just opened an LLC to flip my first house
Hi everyone!Just closed my first flip!Me and my partner created an LLC and purchased it in that name.How will I file my taxes if we make money on this first flip? Is it the regular way I always file my taxes as ordina...
Joel Owens
Tax Question
So taxes is one area where I really need to get more info on.
1. Does it matter if your tax attorney or CPA is local to you?? Can they be in another county or state and it can still work??
2. What is the difference ...
Account Closed
Quick 1031 Exchange Question
Purchase price $600k
Rehab: $100k
Sale price $800k
Gain: $100K
Is it possible to take the $100k Gain & buy a $100K property cash w/ 1031 exchange?
Ethan Giller
Borrowing money then renting to the lender as a tenant - tax strategy
Hey all,
Here's the situation. I'm planning to move in with my girlfriend in a new city and we're thinking about buying a property instead of renting. I'm thinking about buying a cheap "fixer upper" that has sat on...
Tammy Mason
Is this normal wear and tear or excessive damage?
So this past weekend had a tenant move out that lived there 17 months. They left behind around 100 holes in the wall (nail holes), rather large holes in my opinion, that I will probably need to plaster and paint over ...
Zachary Himes
Cash out an investment to pay off student loans - Avoid Cap gains
Here is the situation:
I am 20 years old, I invested in bitcoin at $7000 a couple of years ago, I'm planning to cash out soon in order to pay off my student loans (64k total between both me and my fiance). Me and my ...
Jessica Beltz
Walk Thru Dispute- Office Property
Walk Thru issue - Office Property
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The tenants were the original owners and had done a sale leaseback many years ago. The tenants have now decided to move out. In the proc...
Bruce Zhou
Need advice - buying my 1st investment property
Hey guys,I am new to real estate investment and have some questions. I have about 200K in the bank and I am hoping to use them to do some investment.1. My plan is to start looking for houses in cities that only cost 1...
Nicole B.
Monthly Cleaning of Rental Units
I was thinking it might be worth adding to the budget monthly (or biweekly) expenses for cleaning services for each unit. This would not only provide me with a monthly check-up on any problems (leaks, etc), but also ...
Mindy Jensen
What unique clause in your lease do you feel most proud of?
Maybe proud isn't the right word, but I read a ton of advice in these forums every day, and I pick up a new clause here and there on a pretty regular basis. Of course, proper screening makes these clauses less necessa...