Andrew Tefertiller
Correct address when filing for tax ID with out of state property
Many people create passive income through rentals in states outside of where they live. They create LLCs in the state where the property is located while maintaining an office at their home in a different state. If ...
Robert Flowers
Before and After Rental for Veterans
Investment Info:
Single-family residence buy & hold investment in Memphis.
Purchase price: $12,000
Cash invested: $24,000
This particular property was a burn out. 3 beds 1 and 1\2 bath.. Out of ...
Ian Kurela
AirBnB in Charlotte??
Hi everyone,Curious to know if anyone has had experience with AirBnB in the Charlotte Area? It seems like the city has been having AWESOME popularity. Is it a good area for rentals like AirBnB? Or am I better off look...
Kealan Hobelmann
Real Estate Investing to Give It All Away
Hi all, long term reader and podcast listener excited to be officially joining the BP community.
My brother and business partner Cody Hobelmann and I have a little bit of a unique story and goal when it comes to rea...
Mike Jay
Becoming a licensed contractor for permits only
Hello community,I've flipped a few houses/buildings and gutted them down to the brick walls and never pulled permits and thankfully didn't get caught(was up to code)I can't pull permits cause I have no license but I c...
Ben Sturgill
Financial tracking software or spreadsheet
We do fix and flips with 7-10 projects going at anytime. All our deals are financed by a lender at 75% of ARV. They pay for the house then. We front the cash to start the reno then they reimburse us for the work compl...
John Underwood
No tax on Tips for Rental Income
So, when Trump changes to no tax on tips I feel inclined to change my rental income structure.50% reduction in rent.Previous 50% made up from a mandatory nontaxable tip. This will be for my excellent service as a lan...
Margaret Buoncora
Loan on Self directed IRA property?
Can I pull money out of a property that is in a self directed IRA? The property is free and clear and I need funds for a rehab project. I am over 59 1/2 so should I take the property out the IRA or borrow against it o...
Bob Woelfel
Capital Expense or Maintenance Expense??
Accounting question....would a new appliance for one of my rentals be considered a maintenance expense or cap ex for accounting purposes?Would that change if it were a flip project? Thanks.
Matthew Terry
$1,000 a month CF with $100K?
If I had a $100K, is it reasonable to find a deal that will achieve $1000 a month in cash flow?A portfolio of 4 $100K SFH home that produce $250 in cash flow?A $400K multifamily that produces $1000 in cash flow?What m...