Alan Ponzetto
Travel expense schedule C
I own a condo for total business nightly rental. No personal use. Schedule C. Can I use mileage travel expense to do business at the property? I am confused because schedule C instructions State your business is your...
Cece Clark
Undecided
I'm in the process of getting my real estate license online. I am interested in flipping/wholesaling HOWEVER I'm hearing a LOT of talk about probate real estate. I guess I'm trying to figure out being a beginner, whic...
Nick Vehr
Refinance out of HELOC - Is there a seasoning period??
I've been confused all day, thinking I may have heard my loan broker correctly. But can someone please clear this up for me. Let's say I take out a HELOC for 100k, and spend 75k on buy and hold after expenses and reha...
Ben Layman
[Calc Review] Help me analyze this deal
I'm curious to hear what you guys think! Would you do this flip? I would be using all of my own money for both the acquisition and the rehab.Also, I would (attempt) to GC this myself to save on the rehab. It's mostly ...
Mike S.
Issuing a 1099 for more than $600 of lawyer fee
I am aware of the requirement to issue a 1099-MISC to your lawyer when you are paying him more than $600 per year. However I am confused about the following situation:I have a holding multi member LLC with its own EIN...
David B.
Help me figure out the Solo 401K Real Estate procedure
I appreciate everything I have read here about buying investment real estate with a Solo 401K, but am still a little confused about a couple things that I haven't read about.
First, I own a Sole Proprietorshi...
Cooper B.
How to report profits from a flip with a partner
First off, I apologize if this has been discussed in another thread but I couldn't find anything that addresses my particular situation.I am seeking advice about how to report the profits from a flip with a partner. ...
Andrey Y.
HELOC vs. cash-out to buy future investments cash
What are your thoughts on this? If you wanted to pull out ~$150,000 from a free a clear property, to buy (immediately) 3-4 less expensive properties at a distance, would you opt for a cash-out refinance or a HELOC? I ...
Kayla Davis
Struggle to cash flow, buy it anyways?
I think I know what the knee jerk reaction is going to be here: Absolutely not! Hear me out...The goal: Purchase a multifamily property as my first ever purchase with 3-4 units on an FHA loan with as little down as p...
Todd C.
Steps once you locate a deal.
Hey all, I'm fairly new here and wanted to introduce myself. I work and live in NYC and will be attempting to wholesale on a part-time basis in the surrounding areas. I've read a whole lot on the matter, listened to a...