William Jasin
Collecting Sales Taxes, Advice Needed
I am setting up an LLC. My attorney said I can use 1 LLC for all my business but I don't know if she is thinking about all the tax consequences. Under the LLC I am going to have 2 DBAs. One is for my wholesale and fli...
Terry Pratt
Rental property taxes
This post is intended to be more about real estate than politics, but I didn't notice a more appropriate RE forum here.
In many but not all states, owner-occupied homes are taxed at one rate and rental properties are...
Chris Kendrick
Flip tax question
So when you flip a house and make profit from it, you basically getting tax alot, like around 40 percent, is that correct? How are all these people flippers making money , i assume that there ARV is really good then t...
Duncan Taylor
It's That Time Of Year Again - Tax Season
I'm curious to learn who here looks at income taxes they way I do.
I want to reduce my tax burden as much as I can but increase my tax liability as much as I can.
If that seems to be a conflicting posit...
David Soest
My review of Lifestyles Unlimited in Houston Texas
I just got back from the two day seminar in Houston, been wanting to go for years and after losing 17K on my last flip I decided it was time to pay the $750.00 and go. If you know nothing about real estate I'd say it'...
Mike H.
Do any agents or builders selling new construction STRs include proformas?
As a somewhat new GC here in Sevier county, I am building to hold and building to sell. The market for sales has slowed down considerably here. But the margins are still there if you're willing to price these right....
Hayden Haddad
Little to no cashflow deals.
I’m in a hot market trying to find my first rental property. I started with a high expectations on the cash flow but after spending a good amount of time trying to find a deal I realized it’s not that easy so I adjust...
David Levine
Selling a condo in Los angles and want to purchase out of state
I have a rental condo in LA and planning on selling it. It should get 300K give or take. I have a note of 118K. After accounting for improvements and depreciation I have a cost basis of about 177K. I am looking to acq...
Shane M
Might make offer tomorrow on Condo. Advice is appreciated!
I currently live in a 3 bedroom maintenance free townhome. My neighbor, in the other 3 bedroom in the building (4 plex), is selling her home. She may not be the best deal in town, but her asking price is the lowest ...
Kenneth Cowan
How much $$$ to keep in reserves when starting out
Im interested in this question for myself, and I'll give some details on my situation below, but I'm interested to hear what some of the experienced folks had for their experiences. I'm sure the range will vary.
How...