Hello all!I'm looking into investing into a commercial syndication in the southeast.The question I had is if I take a trip to the city of the investment, is the trip tax deductible?Does the deduction depend on the rat...
Hello BP, I am a beginner real estate investor down in Florida. I am currently running a STR that has been cash flowing very well and i am looking into expanding my portfolio. One of the asset classes that i have alwa...
HelloI currently have 5 properties in Texas under my name. I am looking to start a side business unrelated to real estate. This will require investors and is high risk.What options do I have to protect my 5 properties...
I was wondering what tax structure should I select for my NC single member LLC? The primary purpose of my llc is to acquire existing businesses and multi-family properties. It's secondary purposes may include but aren...
I know I will have to talk to someone who specializes in self-directed IRAs, but thought I'd float this question on BP first.Would I be able to use my self-directed IRA to loan money to my girlfriend, to purchase a d...
Syndicators and passive investors—Other than deal flow, what is the #1 problem in your business that you would pay someone well to solve?
I am thinking of setting up S-Corp and have few questions.
Business Activities:
1) Rental business for property to be owned by the S-Corp
Revenue : 20K approx.
Income after expense will be less than 14K
...
I recently met with an attorney to set up an LLC for my rental in florida, but he told me that there is no need to have an operating agreement since we only have 2 members. I thought that an operating agreement was ne...
Hello BP,My wife and I have our first deal under contract. We purchased an old church and fellowship hall and we are turning both in to SFH's. We are very excited and scared at the same time. My question is should w...
We have a few investments in real estate but another corporation just established as a machine shop we worked with for many years. Maybe 50K in assets right now. We are is desperate need of expanding the business an...