Jonathan Small
Should I Partner with a Successful Wholesaler in a New Market? Seeking Advice
17 January 2025 | 4 replies
I’m currently operating in South Georgia market.
Garrett Brown
This ONE Change Can Boost Your Airbnb Ranking
8 January 2025 | 22 replies
Airbnb operates as an interest-based algorithm, rewarding listings that grab attention and keep potential guests clicking.
Bailey Rentz
Done with Stessa. Where should I go?
13 January 2025 | 10 replies
I host a group for midterm rental operators and I had 2 people in last week's meeting essentially say the same thing.
Nicholas Dillon
Vetting a Syndicate
30 December 2024 | 7 replies
These operators totally bungled the deal and operation but still made money due to the market.2.
Tony C.
Filing a 1065 Partnership return Husband/Wife vs Schedule E
19 January 2025 | 42 replies
Here is what the IRS says on the subject: Election for Husband and Wife Unincorporated Businesses A business owned and operated by the spouses through a limited liability company does not qualify for the election Only businesses that are owned and operated by spouses as co-owners (and not in the name of a state law entity) qualify for the election.
Chris Kittle
Wyoming LLC Set-Up and Recommendations
30 December 2024 | 10 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
Hillary Buckingham
Tips for a newly licensed agent with a goal of $50k in commissions my first year
17 January 2025 | 7 replies
You didn't mention where you are operating, but depending on average home prices, I think you'll be ok.For instance if we're talkin $500k homes, and if you will get a 2.5% commission, split that 50/50 with your Broker, you will end up with $6,250 per sale, right?
Michael Plaks
EXPLAINED: How to find a CPA focused on real estate
9 January 2025 | 20 replies
Do you still recommend using a real estate CPA or is their tax professionals that specialize in the more simple investor situations like mine?
Kyle Kulhanek
Retitling a property to an LLC - Chicago
16 January 2025 | 5 replies
A knowledgeable attorney can advise here.Create a solid operating agreement: Since you own the condo with a friend, a clear operating agreement is essential to outline responsibilities, decision-making, and profit-sharing for the LLC.To save on costs:Look for real estate attorneys who specialize in investment properties and might offer package deals for the retitling, operating agreement, and filing the LLC.Shop around for title companies that can handle the transfer smoothly and provide competitive rates.Research DIY options for setting up the LLC if your situation is straightforward, though I’d still recommend a lawyer for the transfer process itself.Good luck with the process!