I currently own a Flooring retail store along with a remodeling business. me and my business partner are working on opening a liquor store as well.

Hey BP,I'm currently looking into a commercial strip mall. In doing my research I have found that the current landlords are charging well below the local area average for rent prices to the six or seven businesses tha...

Make sure to view the Bigger Pockets book store: https://www.biggerpockets.com/store

Make sure to view the Bigger Pockets book store: https://www.biggerpockets.com/store

The Bigger Pockets book store if full of great books: https://www.biggerpockets.com/store

The Bigger Pockets book store if full of great books: https://www.biggerpockets.com/store

You can administer the activities of the LLC, but you may not add value through the provision of goods or services.You can select vendors and materials and oversee work that is done, and of course handle the expense/income transactions on behalf of the LLC.You can purchase materials separate from the labor, but I would caution into turning yourself into a delivery boy and running to the hardware store every day or few days.

I'm new to the whole entrepreneur world and was wondering if that business that I planned on using for an online store could instead be used to write off expenses on my property rehab.

The Bigger Pockets book store if full of great books: https://www.biggerpockets.com/store

He can still store things in basement and has the use of the space.