Jaden Zubal
Seller Financing down payment
Hi Everyone,I am currently looking at a deal for a 14 unit complex that has a seller financed note and the current owner is offering an additional seller finance to close the deal. He is asking for 6% interest on his ...
Stephen Milhoan Jr
Creating an LLC/ First deal
I am currently in dental school in Cleveland with the goal of getting my first deal this summer while on break. I am looking to get a duplex or triplex in the Cleveland area. I was wondering if I should set up a holdi...
James Russell
which state to register LLC
so, recently i was told that even though im in wisconsin, the best state to register my LLC in is nevada. Speciffically because the corporate veil is much much harder to pierce. to the affect of the only way to pie...
Michael Miles
LLC's for your properties?
Hello everyone,Long time listener/reader, first time caller. I'm curious about what everyone's strategies/opinions are regarding LLC's for their properties. I just bought my first investment property last year and am...
Changseok Kim
Cost for CPA service
Hello Biggerpocket members,I am living in Portage, MI. I have been working with a CPA for tax report. I have two LLCs, but based on the CPA suggestion, I am thinking to change one LLC to S-corp in an attempt to reduce...
Eric Meyer
Tenant Screening question
This is my first time having to advertise my rental. I have it posted on Craigslist, Zillow which also posts it to Hotpad and Trulia, and I have it posted on Facebook Marketplace. I have had a lot of interest it, in j...
Michael Seeker
Self Employment Tax on a Flip
I'm wondering if/why I will have to pay SE tax and all the other extra taxes on my profits from flipping.
This would make sense to me if flipping were my job and I were self employed, but the majority of my income (a...
Angie Williams
Buy before an auction???
Is it possible to buy a home or submit an offer before an auction date? Or once it’s posted for auction there is no offers being accepted? Cash deal obviously.
Greg Teplansky
LLC or Business entity service companies
So I'm pretty no to REI and I'm hedging on starting an LLC to put my first STR into. When you start reading about this and searching the internet one thing I find is true... there are many LLC formation services that...
Ben C.
Holding for a year vs selling before a year
Hello All!
What are your thoughts on holding flips for just over a year to be able to take advantage of the capital gains tax (vs selling in under a year and being taxed at your ordinary income rate)?
Many people h...