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20 June 2018 | 4 replies
Currently I have one active single family rental and have a second one closing on in a few weeks.
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21 June 2018 | 11 replies
There's a reason wholesalers get a bad reputation - and it's not because they are making a profit without having skin in the game or don't have a license - it's usually because they move crappy deals, or they hang their clients out to dry when the deal goes bad, or they sell to people who really shouldn't be getting involved in the deal because they are not capable of handling the deal.Also - there's not one single definition of what "wholesaling" is.
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20 June 2018 | 8 replies
If the LLC is a single member LLC that chooses to be taxed as a sold proprietor (meaning it doesn't file it's own tax return and all activity of the property is reported on your personal tax return) the the IRS still views you as the tax payer for the property regardless that the LLC is the deed holder.
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27 June 2018 | 8 replies
I understand that while my job is stable and I make "decent" money as a single mom, what am I truly working for?
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21 June 2018 | 4 replies
So, a homestead property bought 10 or so years ago could be “assessed” at about half of “value”......plus the 3% cap is “portable” so it carries over somewhat to a newly bought homestead, further skewing any comparisons.
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25 June 2018 | 40 replies
I personally don't take votes into consideration much as they aren't a true reflection of your contributions.You can post incredibly valuable content to help other members and they still may not vote for your post.This doesn't make your post/insight/information any less useful it just means they didn't click the little button.There are plenty of people like myself with higher posts than votes because we interact a lot with others on BP.I can't expect to get a vote every single time I reply to a conversation I'm having with someone in a thread.
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20 June 2018 | 5 replies
Brian, I would guess you would need to form a new LLC, to be a Single Purpose Entity (SPE).
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27 June 2018 | 13 replies
I'm interested in both Single Family and Multi-Family homes as long as the numbers make sense, obviously.Can anyone provide suggestions for financing my first deal?
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27 June 2018 | 9 replies
We personally don't use business credits cards, but I found a nice comparison below:https://www.creditkarma.com/creditcards/explore/i/business-credit-cards
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21 June 2018 | 9 replies
The moral of the story---Single Family Homes are a dream compared to Class C or D apartments.