5 May 2024 | 5 replies
Also, rentals in S Corps are generally bad should you want to revoke S Corp election one day, the assets are distributed at fair market value and likely will have capital gain without cash.Alternatively, a multi-member LLC taxed as a partnership is considered a pass-through entity, and if your state allows SALT work-around / PTET on rental income, a partnership solves both issues.We recommend partnerships often for rentals especially STRs.
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5 May 2024 | 41 replies
@Jake Posnerstrongly recommend looking closer to home - OOS investing is more difficult than it's made out to be. andwith rates where they are, there's just about no cash flow right now unless you employ a creative strategy or a combination of creative strategies.if you just buy any old property in any old market, you're not going to cash flow.
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4 May 2024 | 18 replies
I recommend doing at least 5 per day.
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4 May 2024 | 4 replies
Depends perhaps on where you are, but most of the good real estate attorneys I know in Texas recommend against using Contract for Deed.
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4 May 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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4 May 2024 | 2 replies
Ask the lender and the local title company for recommendations on agents working with investors.
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4 May 2024 | 8 replies
It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best
3 May 2024 | 3 replies
I recommend Matt Beam and Andrew Goodermote with Scolieri-Beam Law Group, they are great with lease disputes and tenant disputes.
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4 May 2024 | 1 reply
Just reaching out to my fellow NJ landlords to see who people are using for this inspection, prices, recommendations, etc. prior to scheduling my properties.
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4 May 2024 | 10 replies
AJ, if you are in need of a landlord attorney, I recommend HULL, HOLLIDAY & HOLLIDAY PLChttps://www.h3landlordlaw.com/