Christine Smith
[Calc Review] Help me analyze this deal
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*This link comes directly from our calculators, based on information input by the member who posted.Hello all, I've been running reports for a bit now and I'd love some feedback on this o...
James C.
[Calc Review] Help me analyze this deal
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*This link comes directly from our calculators, based on information input by the member who posted.
VICTORIA LEONE
Is Renovation Travel Deductible?
Renovating a house I bought in another state over several yrs, and they were hoarders. Little by little I travel there to empty it out and repair it with the intention of eventually selling it. Are the travel expenses...
Amanda Davenport
Being a lender to your spouse or spouse's LLC
Hello! My husband currently has a home that is financed with an FHA loan and requires PMI and I currently have the cash to finance the mortgage. I have been looking for investment opportunities and just thought why no...
David Gradman
Would a Real Estate Professional pay SE income tax within an LLC
Question for the CPA's and Tax Lawyer's out there.If I own a rental property within an LLC and I (or my spouse) meet the criteria for tax purposes of being a "Real Estate Professional" would Self-Employment (SE) taxes...
Christopher Lee
Buy & Hold Partnership Taxes
My partner and I are getting close to buying our first buy & hold property and I wanted to know how we should handle paying Uncle Sam his cut. At first I was sure setting up an entity would be the most logical rou...
Bryan Davis
Refinancing out of owner financing
I just received a phone call off of one of my yellow letters and after speaking with the seller I don't see much I can do but I was hoping for input from the BP community on my analysis. Here are the facts:
House is ...
Gary Dezoysa
How is the realtor fee, and other closing costs, adjusted on very cheap homes?
Hi, I'm trying to figure out what to expect in terms of closing costs as a percentage of purchase price for cash purchases on homes priced under $30,000.I know I'll save on credit report fees, loan origination, and ti...
Chelsea Ciszewski
HUD home we are purchasing has new roof leak
Hi All -
I put a bid, and got an acceptance, on a HUD home back in August. Due to an inexperienced relator and unresponsive property management company, we only just now completed the inspection. When we reeneterd ...
Account Closed
Is Mass Texting Illegal or Just Annoying?
I've gotten all of my deals from cold calling. Lately however I noticed that they're coming from text messages so I decided to start sending text blasts a few days ago. I've been sending around 300 per day. Most of th...