hello~ seeking guidance regarding "start up" deductionsOur 1st rental was in service April 1st 2014. We spent OVER 5k to prepare the home to be rented. These funds include things like utilities, materials for plaster...
Good afternoon everyone!
My wife and I are moving to Virginia in three months and will start flipping houses when we get there.
We’re getting an LLC and S-Corp set up now so we can hit the ground running when we ge...
I'm currently reading about taxes and deductions with real estate. I'm wondering when I would be able to start writing off things. I currently do not have any properties, but I am preparing my business ahead of time b...
Last year spent about $2000 trying to get real estate business started. Money was spent on what I consider start up costs: direct marketing, INC incorporation, etc. Did not end up doing any deals wholesaling or rental...
We live in Fort Collins, CO and affordable housing is hard to find. We have a .34 acre lot and the way it's situated we could have a 500-800 square foot granny flat out back for a rental. We would still have our own y...
During these current and unprecedented economic conditions, nearly all businesses have suffered some sort of financial strain, however, I'm here to tell you that it doesn't have to be that way.
We've all heard the ma...
Hello all,
I saw a commercial property that I was interested in that is going for $89k, a 4 unit residential with 2 office spaces.
I'm having trouble finding lenders that will lend me the amount minus a 20% down pay...
One of the biggest hurdles I faced as a new investor was the initial overhead costs of creating a legal entity through which to protect myself, as well as the desire to add a sense of legitimacy to my presence. Whi...
Dear BP Community,
If you want to significantly grow a Roth 401K by investing in a high-risk startup that you will be heavily involved in on a day to day basis as an officer, what options exist to accomplish this? I ...
Hello,
I purchased my first rental property on October 4th. After a month of renovations, I listed it on the market on November 19th and secured a tenant with a lease starting on December 10th. Before this purchase, ...