Bryenne Korte
Taxes Associated with Flipping Houses
Hi BP! I'm hoping someone can shed some light on some general tax questions as it relates to fix and flips. I've read several posts and have spoken with a CPA, but I'm getting conflicting and spotty information. I'm v...
Anthony Wright
Rehab on a distressed rental / Tax
In July I purchased another rental in the East Sugar House neighborhood in SLC UT. The home had not been renovated/updated since the 1950's. I gutted the home, redid all of the electrical, plumbing, bathrooms, kitchen...
John N Cook
ROBS 401K for Fix & Flip
I'm looking for guidance on potentially using funds from a SIMPLE IRA to convert to a ROBS 401k in order to access for a fix and flip opportunity, and whether this is a viable approach along with pros and cons.Thanks!
Steve Graves
Start 1031 exchange after sale of property is already in progress
Selling a property I rehabbed a couple of years ago. I've accepted an offer and the process of the sale has started. Didn't think I was going to do a 1031 exchange because I was going to use the money for repairs on a...
Alex Breshears
Balance Sheet Private Lenders - Making Changes?
I'm seeing some cracks in markets across the country where days on MLS are increasing, showings are decreasing, and the ratio of asking price to list price is finally not +10% over asking. I personally don't think we ...
Olga Daisel
Tax question on depriciation of new construction
I have the following case, numbers are made up, but the situation is real.I purchased a house in 2021, rented it out, in 2022 I demoed it and build new, finished construction in January 2023 and rented out almost imme...
Theresa Amouzou
Should I get my Masters in RED ?
Hey guys!I am currently in a 5 year accounting program but real estate is the career path I have chosen. I have many tools to my advantage right now and I am pretty sure within time I should know what I am doing well ...
Evan Staats
Investing in the Northern Virginia Market
For those that think purchasing in the Northern Virginia Market is out of their scope here's the background on my wife and I's latest investment. Transparency, I thought I would never be able to afford Alexandria eith...
Karen Smith
Adapting to Higher Rates: How Private Money Lending Can Bridge the Gap
With interest rates on the rise, how have you adjusted your funding strategies? Are you finding more investors turning to private money lenders for quicker access to capital?
Heath Donnald
Settlement proceeds in personal name, expenses in LLC name
My wife and I are partners in an LLC that just sold a flip. The expenses were paid from the LLC account for the 14 months I worked on the house. The house was in my name, not the LLC, so the settlement proceeds had to...