I just became a first time landlord, and I'm wondering what you guys think (I posted most of this in new member intros, but at the speed the forum moves I think posts get only looked at by a few locals, so I hope it's...
Hello all,
What are the best tax preparation practices for house flipping? I utilize two methods of home repairs: rehab then rent; or rehab then sell (the typical flip).
Would my tax planning differ in each of the t...
Hi All. Being new to bigger pockets I thought it would be a good idea to start this thread and update it through the different phases of my fix and flip (Charlotte). With all the experience that BP has I think I could...
Hey everyone,I am currently attending my first semester at Cal State LA for a BA in social work. I am switching majors to business for the Spring 2020 semester at Fresno State in Ca. The reason for the switch is that ...
Hi all! My wife and I are moving from California back home to the Midwest where I'm from. I've been wanting to start investing in multi-unit properties for a while, but it's been too expensive for us to get started ou...
Hi guys,I just got my taxes done by my accountant and it turns out that I have to pay over 3K for 2014 (yes I was waaayyy behind but finally got my act together and pulled everything into an accounting package). Unfor...
Hello BP!I am a recent college grad, and have been lucky enough to graduate with a relatively low amount of debt compared to the average grad. I have been actively paying off my debt each month, and at this time, I ha...
I have a plan that I'm throwing around. I currently own one rental property that is paid off. Cash flowing around 500 a month. I have a primary residence, house is worth 135k and I owe 65k. My current income is a...
To all experienced landlords,I have a bit of a dilemma. I used a Property Manager to lease a property for me. Once a tenant was selected, I took over property management responsibilities. One of the community requirem...
Hello BPers! This has been a question/issue that I have been trying to figure out for a while now. I plan on purchasing my first property within in the next year. I have VA loans available to me but I'm unsure of how/...