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16 April 2024 | 0 replies
Homeowners can rent their house to individuals looking for vacation opportunities or they can rent their house to a business owner who intends to use it for business purposes.Shifting Income from Your BusinessIf you are a business owner and do not use your home as your primary place of business, employing the Augusta Rule can be an effective strategy for moving income away from your business and shifting it to personal income, where there would be no tax consequence.For example, as a business owner, you host a monthly meeting with your Board of Directors.
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17 April 2024 | 6 replies
Hey Casey, Sounds like you have funding for the initial purchase, however need help with the exit strategy and possibly the rehab costs.
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16 April 2024 | 14 replies
As I approach 15 active notes at one time it gets a bit more like spinning plates and seeing some negative effects.
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17 April 2024 | 1 reply
If it sounds funny or off, ask.
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17 April 2024 | 6 replies
Quote from @Cole Koeppen: Hi BP Community,That does not sound like a deal to me, but that's DFW right now.
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17 April 2024 | 14 replies
It sounds like an honest mistake was made years ago and most people when confronted with this type of situation are reasonable and will sign whatever is needed to correct it.
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17 April 2024 | 1 reply
I know it sounds simple on the surface but detailing out how this money is handled when things don't go to plan could become more involved.
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15 April 2024 | 6 replies
Just know, typically, in commercial transactions, the seller is not likely to be open to footing the bill for your broker.Things I would be curious about: Why is the landlord creating and selling off, effectively, retail condos?
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17 April 2024 | 4 replies
Given your capital, it sounds like you would have to go hard money so they can cover the renovation of the property.
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15 April 2024 | 19 replies
I have been looking into several "guru" mentoring programs but I am skeptical they all sound too good to be true, and some downright scams.