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9 February 2025 | 2 replies
I am a general business major and also currently working on obtaining my real estate license to become an agent.
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4 February 2025 | 9 replies
Quote from @Gregory Wilson: A few things there, Brendan.First, an LLC with you as a member and your (wife, son, pal, etc.) partner as a 1% member will file a Form 1065 which is about one tenth as likely to be audited by the IRS as a Form 1040 with a Schedule E rental activity (which I presume you will attempt to show is an active business).Second, you want an LLC because when your local Alabama handyman drives his girlfriend's uninsured truck into a van load of U of A medical school interns on I-22 when he goes to get some shingles for your roof, on your business, you don't lose everything you have or ever will have to an uninsured claim.
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31 January 2025 | 10 replies
Is there a point of contact person/business that handles all home investor concerns (general contractor, engineer, etc.)
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8 February 2025 | 10 replies
Is the way these lenders do business?
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10 February 2025 | 59 replies
I use Foremost for my mobile home investing business with the properties I buy and hold.
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10 February 2025 | 1 reply
It would seem that turning a real estate training program into a successful business is very difficult because most of them are not around any more.
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6 February 2025 | 19 replies
The risk of "piercing the veil" applies more to LLCs when personal and business finances are not properly separated, not necessarily to individual landlords renting a portion of their home.A more practical approach is ensuring you have a solid lease agreement, sufficient liability insurance (including an umbrella policy), and properly reporting rental income and deductions on your tax return (Schedule E).
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11 February 2025 | 13 replies
Hey, congrats on your business success!
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4 February 2025 | 26 replies
-Here’s the harsh truth, they didn't want to do business with you.
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6 February 2025 | 1 reply
They keep different hours so be careful, however they were able to charge me $100 and get my series in place within several hours (stated as 24 business hours).I wish 1.