Matt Beans
Explaining the purpose of the contract to the seller
Hey BP!! I have created a sellers list of vacant properties by driving around, but im a little apprehensive to send letters due to uncertainty. How do i explain what im doing with the property? Do i tell them im bu...
Gayla Kemp
Looking at 1st Multiunit purchase in Oklahoma
I am looking at investing in the multiunit market in Oklahoma. I would like to know what everyone thinks about this property. I have not walked it yet, but have done a driveby. All information below is from the int...
Lionel Church
Should I use a business name for managing my personal property?
Hello, Bigger Pockets community! Should I set up a DBA as a sole proprietor and open a separate business bank account for paying my mortgage and all property-related expenses?
I am in-contract for a multi-unit proper...
Philip Hy
Burning Tax and Legal Questions~~
I've asked a lot of people but not getting any clear answers. These questions are keeping me up at night!
1.) My wife and I want to maximize number of conventional loans. We heard if lenders see that we file taxes to...
Mike Lowery
Thoughts on this lease option deal
Hello BP!I am looking to sell my residence in Milwaukee, WI due to a job relocation. The property has been on the market for approximately 4 months with a starting sales price of $129,900. There was a sale one month p...
Taylor Null
Looking for advice on turning my primary home to STR in Austin
Hey y'all,
I'm wrapping up my live-in renovation of a property in South Austin. I would like to keep this property and use it as an STR. However, I would like to move out and purchase another primary residence.I have...
Erich Wolff
How to handle finances and bookkeeping w/ a growing STR business
My wife and I are under contract for our second STR and I'm wondering how to handle the financials and bookkeeping as we go forward here (and hopefully continue to grow). We currently have an LLC, a business cc and b...
Steve S.
Fraudulent Proof of Funds
So I went into escrow acting as the broker on a commercial deal. I spoke with the broker numerous times and when I got his contract I see that it says the dreaded "and or assigns". I confront him about "wholesaling" t...
Ron Alexander
llc for my flips in Florida
Hello everyone,
I am sure this have been said before but I really wanted to get details on a few personal request about it,
I do have an investment house I bought 3 months ago (A), I am going to flip it very soon ...
Mohamed Nagoor
SMLLC Tax Questions for Flipping Home Business
Hi,SMLLC to flip homes. Say I make 30K in gains during a year flipping homes. 1. I decide to take 15K as my annual pay. Can I take the Pay at end of the year when I'm filing my taxes OR do I have to pay quarterly esti...