James M.
High rental income.. Pay income tax or buy another property?
Hey all your savy investors out there, I have officially completed my first "BRRRRRRRR" after 2 years. I did all the work myself and what a learning experience it has been. I was able to take the annual gross rents fr...
Emerson Irias
When and how do I pay taxes on profit from a flip?
Good evening BP, I just flipped my first property and have a question on when do I pay income tax on my profit? And how do I do it? I have contacted a CPA and he told me that I don’t have to pay for two years or if I ...
Tiffany Da Silva
Advice needed on real estate LLC business banking & Organization
Hello All,I have been investing for the last 4 years in real estate and am on the way to purchasing my 3rd property (a flip :)I am having a hard time knowing how I should organize my incomes, expenses, taxes, ect for ...
Joe Scott
Tax return size --- an audit flag?
Is having a ton of rental properties & installment sales in a massive 1040 tax return - an IRS audit flag?? I have about 60 rentals and 25 installment sales. I'm continuing to add more over time. Most are cheapie ...
Eddie L.
is quitting your job a good idea without health insurance?
everyone said quitting their full time job. i work for the city and the biggest benefit of the health insurance is only a few dollars per month for my family. i went to those health insurance truck that parked on the ...
Calvin Matthews
Use a line of credit from a vacation home to buy a primary residence?
Hello. My wife and I own a vacation home in Texas and are renting in our primary residence. We'd like to move out of this primary residence and initially were looking for a new place to rent, but then I remembered abo...
Lawrence Mak
Should I get a real estate license if I want to buy and rent out?
As the title suggests, I'm currently finishing up a Business degree (1 more year) and after that Ill be out in the real world on my own. I have had some paid internships, which means that I can come out of school with...
Joseph Bramante
The Silent Portfolio Killer: Inflation
The inflation alarm bells are on high alert, and investors are jittery.Inflation is unavoidable at this moment, with economists forecasting inflation for 2021. Last week Billionaire' bond king' Jeffrey Gundlach warned...
Raid Murshed
First time home buyer
Fresh out of college here. I was able to work while going to school and saved a good amount of money. I now have a corporate job which pays pretty good coming out of college. No loans and now I plan on buying rental ...
Scott Tumath
Rent to family member or ?
Here's my situation. I have a 3BR 2B single family rental built in 1976 with the same tenants for 11 years. The property is in need of upgrades ( windows, siding, concrete repairs). The interior is very dated and need...