Emerson Irias
When and how do I pay taxes on profit from a flip?
Good evening BP, I just flipped my first property and have a question on when do I pay income tax on my profit? And how do I do it? I have contacted a CPA and he told me that I don’t have to pay for two years or if I ...
Andy More
70% - Repairs?
I've never purchased a property with the intention of flipping. Always with the plan of buy and hold. I know many flippers look for property that they can buy at 70% of ARV minus the cost of repairs. I assume this equ...
Joe Scott
Tax return size --- an audit flag?
Is having a ton of rental properties & installment sales in a massive 1040 tax return - an IRS audit flag?? I have about 60 rentals and 25 installment sales. I'm continuing to add more over time. Most are cheapie ...
Lynn Maher
HELOC denied and don't know what to do next
I have a few things going on. So much that I wasn't sure how to title this! First, I have too much credit debt (embarrassed to admit 50k) and wanted to obtain a HELOC to pay off and at least get a tax credit for the i...
Justin Jacobs
HELOC and Refiance Options
Hey everyone really need some help trying to bring my investment to a full time level. I own 3 units currently. I'm trying to get a HELOC on my 1st investment property after an appraisal I will have 80,000 available i...
Ahmed Elias
Is Negative Cash on Cash ROI considered a good investment ?
Hi BP Community I am a newbie investor and trying to invest in the Mid West with the hope to generate positive cash flow. Since this is my first investment I am trying to play it a little safe. My concern is that I am...
Account Closed
Bay Area Noobie REI: Is San Jose just too expensive for me?
Hello All,I am a young investor saving up for my first multifamily investment in San Jose, CA (or the south bay area). I hope to finance with an FHA loan and live in one of the units.At first I wanted to invest in a d...
Matt Liu
Credit Partners... The Key to Wealth??
I just realized today that credit partnering is a fantastic thing. If I find the deal, and a credit partner gets the money at 3.75% (or even at portfolio loan rates), we split the downpayment and split the profits 50/...
Mayukh Guha
Athens GA first rental property
Hello Everyone, I am new to BP and have been thinking about buying my first rental property for a while. I had lived in Athens GA as a grad student (2010-2016), however, I now live and work on the west coast. I was wo...
Miles Morrison
House hacking my way out of college debt!
Hello BP community, I am new to REI/BP and grateful to be here! I am looking to house hack my girlfriend of 8 years and myself out of college and car debt via house hack (short term) and then onto financial freedom in...