![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/483189/small_1621478679-avatar-ryanp60.jpg?twic=v1/output=image&v=2)
Hi guysI currently rent in the West Suburbs of Chicago and will purchase my first property within the next year. I work in the accounting department at a logistics company and want to earn additional streams of income...
I’m a newbie in flipping house. I’m familiar with taxes but unsure how to file this flipping business. Do I file schedule c or 1120s? Do not want business attached to my personal taxes.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2035282/small_1694602167-avatar-matiasn2.jpg?twic=v1/output=image&v=2)
Investment Info:
Condo fix & flip investment in Mexico City.
Purchase price: $75,000
Cash invested: $50,000
Sale price: $171,250
Bought a condo in Mexico City (Condesa), flip it and invest to...
Investment Info:
Other buy & hold investment in Berkeley.
Purchase price: $55,700
Cash invested: $62,000
Bought a 3.3 acre lot in a residential neighborhood 1.5 miles outside of downtown Prescott...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1013131/small_1621507500-avatar-jeffw217.jpg?twic=v1/output=image&v=2)
A buddy was thinking of selling his former residence that was in disrepair from years of renting. I love doing home improvement and struck up a deal with him. He agreed to sell the home to me for an agreed upon pric...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3162930/small_1735664808-avatar-jeffreye75.jpg?twic=v1/output=image&v=2)
Happy New Years Eve! My wife and I are excited to get started in our real estate journey and BP has been a great resource thus far from the BRRRR audible I've been listening to! I have dabbled in real estate, but ne...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2708517/small_1694643379-avatar-michaelo599.jpg?twic=v1/output=image&v=2)
Hello. I have been lookin into pulling the trigger on deals in Detroit that are already occupied. Seems like automatic cash flow. But seems too good to be true. And super risky. Anyone in Detroit with any info?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/4738/small_1621347135-avatar-barnardinc.jpg?twic=v1/output=image&v=2)
It has been agressively stated here on BP that operating expenses average 50% of gross rents. I have posted many times that while that may be true with some properties, it is not accurate or appropriate to use this pe...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/492311/small_1621479106-avatar-patrickh36.jpg?twic=v1/output=image&v=2)
Hello,I am renting a home in AZ currently in month 15 of a 36 month lease. I just received a certified letter today stating that the home is up for trustee sale in 3 months. The property is being managed by Renter's...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/642361/small_1644964041-avatar-pauls169.jpg?twic=v1/output=image&v=2)
I was just notified by my CPA that a 1031 exchange might not be the best way for me to take money from the sale of one property and buy another property. He said it could cost me more in leagal fees than it would sav...