Chris Roush
Tax write-offs for creating an LLC
I am working with an attorney to setup my first LLC. Since this is my first business, I'm trying to figure out how to handle the expenses when the 2019 tax season begins. Since I had to start the LLC with my own perso...
Account Closed
Seller financing and interest rates
If a motivated seller is financing me his houseCan he make me pay interest? Like 5.12% interest or 4.24 interest?
Jose Diaz
Wholesaling not as no money as I thought.
Hello everyone. Today I met with a real estate attorney/ title company to build my team. Ask about drafting contracts and to do that would cost $250/hr. That's when in my head I said, s*@t another road block. I keep...
Account Closed
kitchen cabinet door repair cost out of security deposit
Hello - the tenant broke the kitchen cabinet door (the door came off completely). The cabinet was less than 3yrs old. I initially paid for repair but the repair job was not good at all - this was a lazy Susan cabine...
Patrick Giblin
Equity split in partnership
From my research, 50/50 equity split seems common practice. However, how does that split factor in for the person who puts in 20% down payment? Does it makes sense to do 50/50 after figuring that 20% initial investmen...
Sam Meixell
Higher Rent for a Shorter Lease
I am currently screening tenants for my first single family home. I have had several decently qualified candidates. One requested a 6 or 8 month lease. I told him during his initial contact with me that I would work w...
Janet Huang
question about deposit charges from leasing agent
I am reviewing my property management agreement with my leasing agent. She will charge me 1/2 of 1 month's rent. In addition, the agreement said that "Agent shall collect and deposit all security and damage deposits f...
Peter Pappas
How do I use "Hard Money" in the calculator | Finance Help
I Have several hard money and private money offers, but I want to model it properly for my partner. How Do I use the BP Calculator for BRRR where the initial year is Hard money and then converted to a secure loan. I ...
Mike Hughes
$1499 Reasonable Attorney Fee?
I am heading up a group investment project in a storage unit facility. We will need a detailed and customized LLC and Operating Agreement. I spoke to an attorney who provided free initial advice and charges $1499, all...
Kevin Cooper
Incorporate LLC in Wyoming Vs Michigan?
Hi BP members,I'm wondering if anyone can provide some real world practical advice on the pros and cons of registering my LLC in Wyoming (for charging order protection) versus registering my LLC in Michigan (my home s...