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3 February 2025 | 0 replies
Hey everyone,Recently I expanded my business to NC Triad area.
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3 February 2025 | 26 replies
We are a small partnership with 4-5 properties currently, but we are growing and hoping to find a reliable lending partner that we can do repeat business with.About 3 months ago, we successfully completed a BRRRR deal where we had excellent numbers, over a 1.25 ratio at 75% LTV, our guarantor partner has an 800+ credit score, and we had no issues qualifying for the loan.
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3 February 2025 | 2 replies
FHA loans are designed for primary residences and require the borrower to be an individual, not a business entity.
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28 January 2025 | 27 replies
Now you are telling me my critique of of your business model "gives you motivation".
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28 January 2025 | 56 replies
I use Foremost for my mobile home investing business with the properties I buy and hold.
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30 January 2025 | 13 replies
You're running a business and when you proactively do so, your tenants will know that you're holding up your end of the lease - and if they don't, they don't stay.Hope this helps.
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4 February 2025 | 13 replies
Would that lower our tax liability from other income we receive or no because this is purely RE and not an operating business?
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22 January 2025 | 8 replies
@Jacob HavlovickBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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29 January 2025 | 1 reply
Are the business on there trusted?
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28 January 2025 | 4 replies
All those things, and more, need to be ironed out.Question 2From a tax perspective, if you put a dollar in a business and when you sell you get a dollar back, that is a $0 profit, so from that perspective there is no tax.