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I have seen this question before in BP, but the answers weren’t satisfying.I screen potential tenants using SmartMove website by transunion. One applicant had been flagged with “invalid SSN”. How would you check that?
I am in the middle of a fairly complicated 1031 Exchange and am in desperate need of an experienced CPA who specializes in real estate transactions/1031 exchanges. Preferably in the Phoenix area, however, I'm also in...
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My best friend asked me a couple of questions that I simply didn't have answers so I thought to post them here in hopes of getting some clarity. Question about if I'm allowed to keep working at my own company (for fr...
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I have some guys working on a house that I am going t rent - The main guy works for $22/hour and his helper works for $15 - so on a 40 hour work week I am paying these guys $1480 -
They are doing everything f...
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I'm setting up a new partnership for the purpose of wholesaling. I want to make sure I'm structuring the business effectively for tax purposes.New Wholesale Business:located in GA (LLCs are easy)2 person partnershipa...
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I am a property investor with over 100 units (8 - 22 units per building) and 2020 has been very difficult due to Covid-19 and the subsequent "rules" that only favor tenants - moratorium on evictions, lack of rents pai...
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A local mom/pop owned campground has come up for sale. I would like some insight on how to analyze this. They aren't great book keepers but did provide some numbers. 829k asking price with 103 revenue. I couldn't get...
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When evaluating a property how does one find all the info to properly input the info to figure up the noi. To get to the cap rate and so on??
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I am shopping for the right accounting software, have read all the posts on BP related to it and have PM'ed a few members. I am using 3rd party management (they use AppFolio); so, my needs are pretty basic and do not...
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Hello! I am looking at a house for my first "live-in" 2 year flip that is in need of repair for several pieces of hardboard siding. Does anyone look at this and have any suggestions on what a repair like this may cost...