Is there any way to avoid paying personal income tax when flipping a house?Could you hold it for longer than 365 days and only be subject to longterm capital gains tax?Alternatively, could you fix it up and call it yo...
Hello,I own a single family rental home in Memphis. i bought it and financed under my name not knowing any better (in 2015). Looking now to put it under an LLC (which I have already), but my current mortgage holder ...
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 ...
Below is the market update that I sent to all of the owners that we work with. We send these out once every 3 -6 months. The format didn't transfer directly to BP, so, make sure that you scroll all the way to the bott...
Grateful for the collective wisdom here!I am in the process of searching for my first tenant. We've had a few applications but only one person meets minimum salary and credit score qualifications (meeting him tomorro...
When I first started out about 15 years ago my business partner put two properties into an S Corp. The two properties are owned outright no debt. My question is how can I convert this into an LLC? I realize now it ne...
Curious of what everyone is electing their SFR deductibles to be? My thought was the higher the better to maximize cash flow. I have been keeping them between $9,000 to $10,000, does anyone go higher?
So I just joined Buildium, spent hours setting everything up, it seems mostly pretty great, except one HUUUUGE issue that is making my head explode...they don't support credit card tracking?!?!? WHAAAT?? This totall...
What are some questions that you can ask to each of the required team members(PM, Agent, etc. ) to ensure that goals align and they are best fit.
Hi BPers,I'm planning on getting my Real Estate license as I continue my investing career in Portland, Oregon. I intend only to use it for my own deals, I'm tired of relying on my agent for comps, access to the MLS, a...