Bill W
1099 contractors
Do I have to 1099 every contractor I use on a flip, or is my check receipt all I need.
Jasmine Wilkes
federal taxes
I just started my llc October of this year through the state of texas. if I don't receive any funds this year or do a deal this year do I have to file taxes? ive spent money on starting the company and filing and mark...
Kenny Penn
Why even invest in real estate property?
Sorry if this question is dumb, but I dont understand how your going to be able to spend the money from investing in real estate if you just using that money to pay off your loan you got to buy the property in the fir...
Swat Khan
Insurance? Fire in 2 units of Apartment Complex
I would like to start off by thanking Biggerpockets for all this great info. I realized I read this forum a min of 30 mins a day.
Back story:
We had a fire at our apartment complex. It appears to have b...
Adam B.
Is this a good flip?
Asking price: $39k
Rehab: $15k
ARV: $85k +-$5k
On paper this looks like a good one, but I am a little scared because it's my first flip. I am paying cash so this should minimize some fees.
I also want to ask what s...
Lizina Green
How to custom renovate
I am mid-way into a reno flip when a buyer states they want to purchase the property at asking but they want to pick the finishes? I did lower the purchase for them to take the house As-Is and they could finish it but...
Andres G.
Time Management & Tracking Tools
Happy New Year!Hope everyone is as excited as I am for what 2020 has in stored. The possibilities are endless right? Since our favorite season is underway, tax season, I wanted to start a discussion about your favorit...
Leo Gonzalez
Paying Income Tax on Low Cost/High Cashflow properties
After successfully purchasing and renting out a duplex in Syracuse NY I've started considering the tax implications of the gross income I will be receiving. The analysis I did on the property accounted for expenses l...
Daniel Dawson
BRRR strategy - question about the last R
My friend has 2 houses. The 1st house was bought in 1999 for $45,000 and he bought it with cash, lived in it while he re-modeled/repaired it, and then bought a 2nd house in 2012 for $100,000 with a conventional home ...
Robert Fisher
Using HELOC to Reno for Airbnb?
TL;DR - What's your opinion on using a HELOC to reno your personal home if you plan to then start using Airbnb?I've been missing out on a huge market in my area - Airbnb.I've read on the forums in the past that people...