When I have to ask this question on BP it's time to find a new accountant. LOL. I will get my first 1099 from Airbnb this year. Do those numbers get transferred to a schedule E or am I actually paying regular old 1099...
Hey everyone, I wanted to officially introduce myself to the BP forums. I've been living in Utah, primarily Salt Lake and Utah county for my entire life. I'm recently married and just started a job in downtown Salt La...
My partner and i are planning to buy a property. We each have our own LLCs. I am wondering if we can fund the property with our LLCs 50:50? In other words, can a property be owned by two LLCs? This way we don't have ...
Last night I listened to Brandon Turner in his multi family webinar. Awesome job Brandon! As a multi family investor, I am interested in securing a partner for my next 2-4 unit property but have some questions as to ...
All,I know this is a difficult question and depends on each investor's needs, but I'm looking for general guidelines for comparing REIT investments to actual real estate.If I can get a nominal 7.7 ROR investing in a b...
I just got my 2nd property under contract in Indianapolis! It is a duplex that is just south of brookside park (and north of 10th st). The plan is to BRRRR. Any thoughts on the area/neighborhood? To me it looks li...
I have an LLC for my side business and I know the benefits of having one like protecting / keeping my personal assets separated, being able to write-off any expenses, etc.; however, I'm wondering if it would be better...
The last week has been depressing as we went through a prelim exercise to understand our tax situation. We have a MAGI of over $150k through 2 W-2's, live in a rented house and own a few multi-families. We made a rent...
I've become a more avid follower of Trustee Sale action, for a couple of reasons. First, because I am looking to secure a transactional financing source, and second because I have a particular client that wants to bu...
I've got a concern I need answered about birddogging. I am licensed.
1. As a licensed investor in Texas, what actions must I take in order to be able to pay a partner (birddog), where it is not considered paying an ...