Jason Gallimore
Want to do first flip in North Carolina (Greater Charlotte area)
My wife and I just moved to the Charlotte, North Carolina area. I am originally from here, but have been gone the past 15 years. I was an active duty Air Force officer, then have worked in commercial construction as...
Cooper B.
Using quickbooks to keep track of rehab costs vs. budget
Is there a way to easily use Quickbooks to track expenses for a specific rehab project (flip) against an initial budget?Let's say at the beginning of a new rehab project I have estimated amounts for the labor costs, m...
Doron Rice
How to structure a Flipping partnership with a passive investor
Hi all,A friend of mine, who is a successful business owner, wants to partner with me to flip houses. Since I have flipping experience and am very active in RE investing, he will be a passive investor. I am not sure h...
Nicole Chriqui
Entities and Taxation
I currently have 3 free-and-clear rental properties in a single-member OH LLC (I live in CA). Since that LLC is a disregarded entity for tax purposes, I use Sched E on my personal return to account for the OH rentals...
Cam Galasso
CAPITAL GAINS TAX???
If I start a house flipping BUSINESS under an LLC, do I still pay capital gains tax like an individual would?
Adam M.
Capital Gains Limit for a Flip?
Hello BP,Let's say Johnny buys an investment property for $165k in the state of Texas and puts $30k into it for a total of $195k; the property sells for $300k 2 months later.Johnny has had some experience with flippin...
Hayden H.
First Flip - 225K profit, more luck than skill on my end.
Hi All,My partner and I completed my first fix and flip in Berkeley CA. He is a contractor/investor who has done a few flips and I'm just a guy who is interested in real estate. I studied the market for more than a ye...
Sergio Sifuentes
A Flip as a first deal? Would you do it?
Hi BP, I'm trying to start on the Real State business and I'm trying to do a Flip as my first deal. I don't like upfront process of providing the offer to the owner, therefor I'm buying the home from a wholesaler comp...
Daniel Church
ISO long term investor relationship
I’m currently have all my money in a live in flip but see opportunities all the time. I’m willing to not make any money off the first deal if the investor is looking to work with me long term. I’ve designed, built, an...
Tanner Gish
Self-Directed IRA and Self Dealing
Hey Friends, There is probably some seminole BP thread that asnwers this already, but I haven't found it yet. My account just put a damper on my plans to fund a Self Directed IRA this month with a 2015 max contribut...