I've heard differing ways on reporting flipped home sales. The LLC flipped 2 homes in < 1 yr and 2 homes > year. Partnership is dissolving. Do you record sale using 1065 form 4797 capital gains/ losses, show p...

Is it beneficial to buy down points and reduce your monthly payment for a long term buy/hold strategy?  So for ease of discussion, if I pay $3,600 to buy down the rate by 1% and reduce the principle/interest monthly p...

For tax purposes, I have established an LLC that my 1099 commissions get paid to. However, my tax form won’t say I personally am making that much money because most of the money is going to the business. Am I able to ...

I have done two BRRRR’s this year so far!!! Both rentals cover the mortgages and leave about $500 in cash flow. The problem now when applying for any other loan my debt to income is too high. I have not filed with the...

I currently have two family members renting rooms in my primary residence. One has been living in the home since i bought it 5 years ago and the other just two months. This generates an extra $860 a month in income fo...

Hello,I'm interested to hear if anyone has moved every 2 or 3 years and kept their last home.  I am in Washington DC proper where homes are very expensive.  We are looking at condos in the mid $600k range (10% down) a...

I am looking to get a HELOC on my primary residence. The line will be over $500k so most banks process it similar to a regular home loan.  It's been about 20 years since I have gotten a mortgage since I usually pay ca...

I am looking to finance my second property and looking to put a down payment of less than 20%. Anyone know of any good banks in southern Maine that lend with less than 20% down? Thanks!

I've got some tax questions for all of you pros out there. When flipping homes, what is the best way to structure your company so that your tax liability is decreased? I've talked with several people and they have s...

Guys, we know that 20% applies to the Qualified Business Income (QBI). Let's ignore service businesses, phaseouts and all other complications. Let's take a wholesaler netting $100k. So, he just gets a $20k below-the-l...