I've talked to accountants and tax agents and no one seems to think this is a normal situation, but my understanding from the BP world is that people do this all the time - am I wrong? I want to own my properties in s...
Hello,
A local real estate investor who has taken me under his wing and is helping me learn told me something that interested me. He said one of his friends flipped houses with no money out of his own pocket....
Hi BP! We are starting out and would like your advice. We have been reading that there are definite tax advantages to having your properties (as their associated income) contained within an LLC. As we haven’t establi...
Hello,I recently graduated college and I am interested in investing in a multifamily property. All properties in the markets I am looking at are very expensive, and I am considering house-hacking a property with a fri...
After 20+ years in real estate partnerships, here's what actually puts you on the IRS radar (and what doesn't):
REAL Red Flags That Matter:
The Partner Complaint Trigger
Disgruntled partner files Form 8082K-1 dispu...
Hi guys, are there any real estate investors in the NYC area that flip houses that would allow me to shadow them or can walk me through their next flip. I have some free time throughout the week and would love to lear...
I’m curious if anyone has experience with a PMS that works well for a larger STR portfolio. I have 50+ short term rentals, and have been using ResNexus up until this point. However, as my portfolio has grown, ResNexus...
I am from NJ and my partner is from Vegas and we are hoping to partner up in order to invest in out of state turnkey rentals in Georgia and other states where opportunities arise. Where do you suppose the LLC should ...
Hello everyone. New to the bigger pockets family. I currently just completed a HELOC on a property I own in Florida. The HELOC is a 100k line of credit. I am interested in buying a rental property for cash flow. An...
Hey all, I'm about to pull the trigger, with a partner (my best friend) on a house hack (fourplex) in a city near me in Massachusetts. I'm in an interesting position (i work on a cruise ship) and I'd love some insight...