Hi, my name is Robert (Bob) I am in IT Sales in Memphis TN and looking to start a Real Estate Investing business. I have little experience outside of being a home owner several times throughout my life. I have been do...
Now that Opendoor is a public company we are seeing more information about their business strategy and overall financial metrics. The company flipped roughly 18k homes in 2019 and pretty much broke even doing so. The ...
Are there any Land Developers on here?? I have a few questions about getting started in the business.
Hi BP,I currently have 4 rental properties with mortgages under my name. I am looking for my next property, but would like to finance it under the name of my LLC. All my LLC has is a credit card. I only have 1 year...
Hi folks,
I'm planning to purchase properties out of state, and plan to form an LLC to hold them. I might purchase properties in multiple states. I have some questions:
1. Does it matter whether I form the LLC in my...
Hi guys and gals,In the next month or so I'll be selling 2 flip properties- a single family and a 4 unit. I plan on opening a solo 401K to defer some taxes, but as I understand, annual contributions are capped at $50K...
Hi everyone, this is my first post after reading the forums for quite some time. I've been trying to get into the rental business for a couple years, but I've never been able to get approved for a loan. I'm self emplo...
First, a very brief snapshot of my plan is in order: Buy and hold multiple small apartment buildings and hold each building in a series LLC. I said it would be brief! :)Funding for these will need to come mostly from ...
Is property management a viable business? I know some realtors who do it on the side but nothing significant, I don't believe. Is it possible for somebody who has limited real estate experience (only owning a few pr...
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...