Trevor White
Multiple Business Functions In One LLC?
Hi all,I currently have an LLC from a prior business where I sold things on eBay. The business is still active; however, I'm not ordering any new inventory and plan on stopping operations when all my current inventory...
Al Wright
Hard Money Loan Question
I was scouting online for financing (mostly hard money) for acquiring rental units. I see many sites have loan programs titled "FixNFlip". With those programs, are you required to use them if you instead decide to ref...
Ryan Steiner
First flip long distance - thoughts?
My question: Should I wait until I'm home in a few months to seal a deal, or start looking now to hit the ground running and manage a GC long distance?
Details: Im in Ft Stewart GA while I recover from surgery. I go ...
Pete Harper
Seller reluctant to share financials
The seller for a 12 unit complex I’m looking at has been refusing to provide detailed financials. They sent a flier with high level figures but the numbers don’t look right. This is student housing and sell says the m...
Jean-Paul E. Gagnon
Quickbooks: worth the time spent learning? Am I OVER-engineering?
Hi all,
I have 8 properties (16 units), and have grown a lot in the past 18 months. For 19 years, I've "kept books" with highly organized "paper system" which (while SOOOO 1990')s was at least a logical and organiz...
Senia E Cuevas
New to BP - Evaluating a 8 unit apartment Building
Hello BP,
I joined this week and new to real estate investing - rental is the way I want to go. I found a 8 unit apartment building $400k and have about 40k to use. Learned at the webinar this week that I need 20% ...
Sierra Miller
Puget Sound connections wanted!
Hello everyone!I want to introduce myself and hopefully find some people to connect with in my area. I don't personally know any other real estate investors, so I imagine it would be really nice to grab coffee or lunc...
Troy P.
CPA Suggested Using 2 LLCs
Hi all,I'm relatively new to REI and extremely new to business entities. I took the advice of so many others and sat down with a tax advisor and attorney. I'd like to put the protections in place now to shield curre...
Dustin Hahn
Newbie trying to understand the math involved in plex properties.
My goal is to purchase a duplex (or possibly tri/fourplex) with an FHA loan as my first home and live in one of the units here in Fayetteville Arkansas. After that is said and done I want to plan how I purchase the ne...
Account Closed
I disagree with my accountant on interpretation of the de minimis
I dove into the IRS code today, and I think I have an airtight argument that the de minimis rule applies not only to personal property like refrigerators and computers, but also to materials and supplies used in impro...