I'm in the early stages of considering a venture into the short-term rental business in Austin.

I’m educated now, but I had no one in my circle that really knew anything until now.

Tools like Baselane simplifies bookkeeping and tax preparation by categorizing transactions and storing records.Keep personal and business accounts separate to maintain LLC liability protection.Please don't use the same LLC for flips and rentals.

There are other discussion on it here in BP.

I've been in the Hawaii flip scene for about a decade.

Purchase price: $272,000 Cash invested: $115,000 Sale price: $475,000 This was our first rehab project What made you interested in investing in this type of deal?

I personally feel starting as an LP is the best route.

Purchase price: $605,000 Cash invested: $12,000 Sale price: $785,000 Contributors: Peter Vekselman Partner Driven and Ann Mesa purchased this home for $605,000 on 06/27/2024, invested $12,000 in targeted renovations, and sold it for an impressive $785,000 on 11/15/2024.

That said you bid on the parcel described in the tax records.

Super common in Chicago.