21 November 2025 | 16 replies
Is this more of an income tax strategy?
3 November 2025 | 6 replies
We have an account with datatree and propstream which both show property taxes on a property.
25 November 2025 | 3 replies
Sorry...way way too many questions for me.Every situation different.Probably not enough spread in most cosmetic flips....probably need the full meal deal.Also that cuts out much of your competition if you can handle more.Older and cheaper probably better depending on where you buy.Be ready to act quick, be conservative on your ARV and plan on about double whatever you think your time on market will be.
19 November 2025 | 6 replies
I'll add what I can:1) You can probably actually charge tenant for trash - if you can break it out from the property tax bill.3) Lease language needs to be very clear as tenants will try every angle to get out of paying!
18 November 2025 | 10 replies
From a tax angle, flipping is treated as active income, so once you start doing consistent deals you will want the right setup, often an S Corp, to avoid paying more tax than you need to.The best first steps are to learn how to analyze deals, build your team (a lender with creative financing options, a real estate agent in the area you're interested in, and maybe a CPA), and understand your numbers so your first flip is profitable after taxes.I just sent you a DM with a resource that might be helpful for you in this situation, so feel free to check it out.
11 November 2025 | 16 replies
I recommend a paid consultation with your tax accountant or financial advisor.
22 November 2025 | 7 replies
Remember, they can always refer themselves😊Use one of the ideas below to trigger who they know that they could connect you with:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcPutting this in OVERDRIVECreate a spreadsheet (Excel or Google Sheet) listing everyone you can think of that would recognize your name or face.
17 November 2025 | 15 replies
When you buy auction properties you are subject to all liens, taxes, outstanding utility bills etc, and the bank (seller) does not have to let you in for inspections, even smoke inspections.
21 November 2025 | 9 replies
And the Cash value grows tax-free at about 6%.
11 November 2025 | 8 replies
We never had to pay tax.