I understand the value of a great accountant, lawyer and insurance agent, however I am just curious, as a novice investor, how much I should expect to pay for 2014 taxes.For years 2012 and 2013, I paid $925 for an acc...

Does anyone have a good suggestion on the best way to handle setting up and taxing a single family home rehab and flip?My investor on this this project purchased this home using cash and the property is in his name.  ...

Can a managing member of an LLC live in a rental that the LLC owns without paying rent? The positve cash flow on other properties within the LLC would cover all expenses on the rental they would live in. Also, how wo...

Looking for tax advice. I apologize for this lengthy question.   I have a somewhat complicated situation.  Both sellers have a tax lien roughly totaling 300k. Could be an exaggeration but I'll get more details as this...

Hello hello! Super excited to be here and take our first giant leap. I’m very interested in land flipping (also single family homes) but wondering if tax auctions are the best place to start. Once found, are there pre...

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $70,500

Cash invested: $1,500

Sale price: $86,743

This deal I bought with the intention of flipping. It came w...

I joined the full-time workforce in January and I have begun to contribute to my company's Roth 401k, in large part because I am enticed by the concept of tax-free earnings and a corporate match (a standard 60% of the...

If you are holding a property as Joint tenants.  Can three owners sell their current property and 1031 exchange it as Joint Tenants into another property.Do we need to change title to Tenants in Common or anything lik...

So I've got a unique situation. I am currently living on a 10acre piece of land it is owned by my parents. They are in the process of putting everything they own into a trust. The land I live on is going to be my inhe...

Why do you feel you need to "work" for someone 9 to 5 or whatever it may be? Why is it that you take time out of your personal life and sit in a 4x6 cubicle, 5 days a week or may be even 7! I had this discussion with...