Brit Foshee
How do you pay your helpers ?
Flipping has started to become more full time. I've typically contracted the renovations out, and then done all of the small stuff myself.
I am to the point where I don't have any time for the small stuff. ...
Steve Kirsch
Hacking a primary residence and being able to write off expenses
Hello BPers,I am hacking my primary res SFH. It has an non-conforming basement unit that I am renting out. I am claiming that revenue as taxable income and am wondering if I am able to also claim a percentage of all o...
Adam Scheetz
Got a Lease-Option Brewing and I'm freaking out!
How would you handle this situation?
I'm Pretty excited right now! I just cold called a seller for the first time who, as it turns out, is a 95 year old D-Day Paratrooper veteran who's recovering from a stroke. I ...
Nick Tarantino
What minimum monthly profit should I aim for on a rental property
I'm looking to buy a rental property and hopefully make monthly profit after the mortgage is paid. I know people that have rental properties where the tenant's rent only covers their mortgage and there is nothing left...
Fahadbin Alam
How can I get a LLC?
1. Do I need to talk to a lawery about this or can I do it on my own like online? 2. is there a cost to a LLC?3. How does tax benefits work with an LLC? should I hold all my reciepts? and should I use a app?4. How doe...
Cory Collins
Illinois Tax Foreclosed Properties
I first gained interests in real estate via tax liens and deeds. Thur my networking in Tax liens I have come into position via my mentor of a very large list of foreclosed properties in Illinois that were mostly obta...
Joshua Holifield
I just bought my First tax deed home
I just bought my first tax deed house and it is occupied how do I approach the people living there.
Scott Esmail
Cost segregation question
I own a 58 unit and closed this May 2022. Can I do a cost seg study at any time/year while owning the property or does it need to be done in the first tax year of owning the property ? I am not sure if I am keeping th...
Dev P.
Rent vs Sell Advice Needed Urgently
Seeking guidance regarding a property in terms of rent vs sell. Current market value is $900,000, purchase price was $880,000 2 years ago. After selling with fee's, take away would be $855K (900k-45K). All in costs ar...
Cindy Driscoll
ST TAMMANY PARISH FIASCO
Just want to pass on this fiasco- I participate in tax sales all over the country. Lots of us do. Zeus hosted St Tammany Parish. On 7/14/21 I purchased a tax lien cert. Paid $319/73. In the fall of 2002 when I did not...