I've been a landlord for about 5 years now and use the proceeds as income like most do in the beginning of their REI careers. The question is, whether to initiate a S-Corp or LLC for my passive income. My CPA r...
I've seen a few posts around this topic, but nothing that quite answers my question. My wife and I may have an opportunity to purchase the home next door to ours in the coming months. Our neighborhood is getting young...
Hi Everyone! It's been a while :) I appreciate any help/responses in advance. I know this is definitely a question to be checked with lawyers/accountants, but it helps to know more before reaching out to them.A busine...
Snapshot - Live in SFV/Southern California; Married with 2 young kids, live in an apartment with rent control, have student loan debt (on plan for forgiveness), car loan and some cc debt, make decent income and in pr...
HiWe bought a house last year and hired a contractor (who is now not in business) to build a couple of interior walls so we could have a couple of extra bedrooms. The walls don’t have any electric outlets, so seemed...
I am curious what everyone uses for accounting software. I have been using the rough old fashion method of keeping receipts. I know very bad. Time to get organized. HELP!!!!
Hi
I am a new investor to be. My husband and I are planning to hopefully close on a Multifamily home in the outskirts of NYC or in New Jersey in 2021 (whichever makes more sense economically). We are targeting deals...
Hi all,I am reviewing a property in a small city close to Dallas Metroplex. The lot is ~1acre with an office building and enough room to build another office building. The major drawback is that the lot size has 600f...
I’m really interested in buying properties for the sole purpose of listing on AirBnB. The area I’m in is busting at the seams with vacationers and it looks like AirBnB is the best way to go. What are the drawbacks I a...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $105,000
Cash invested: $65,000
Sale price: $245,000
Screw Analysis Paralysis. This was it. I'm taking action!
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