I am closing on my second rental prop next month and want to use an LLC for asset protection. In order to receive rents and deposits I'll need a business checking account.
From what I've learned each property should...
Hey all, I am new to real estate investing and am accumulating my resources to begin investing with the BRRRR strategy in a year-year and a half time frame.
I live in Indianapolis Indiana however, my wife and I plan...
How many people qualify as a Real Estate Professional for tax purposes? Are you more of a buy & hold investor or a house flipper? Somewhere in between or something else all together?
In addition to a 2nd rental I'm selling in Nashville soon, I'm selling my half of a duplex aka zero lot line property in order to buy my 3rd vacation rental in the smoky mountains. Seller is requesting a new roof af...
Can I still be claimed as a dependent on my parents taxes? How does this work?Thanks in advance to anyone that answers!- Kyle
Long time lurker, first time poster!
Looking to buy my first property as a short term rental in a somewhat local market. As this is a hospitality business and has a time investment, I am considering doing this with a...
Thank you to everyone who takes the time to respond to my post, I really appreciate it. I have a tenant who's being consistently late on making their monthly payment each month. It all began back in Aug of 2021, their...
I have an interesting question: I've been thinking about selling a duplex I've owned for 6 years or so. I have moved in/out of it several times, and depending on which unit had a lease, I'd move into the vacant side. ...
Have an 8 plex that is up for sale. Problem is it is only half full. The sellers are motivated to sell. Can it only being half full how would you pursue financing on a deal like this. Thanks.
Hello BP Community!I had a question about a live-in flip pertaining to a duplex. This is going to be kind of "off the cuff" so if there are some inaccuracies, please let me know.Alright, so the beauty behind a live-in...