NA Mass
S Corp Election or Not: House Flipping in MASSACHUSETTS
My husband and I just set up an LLC and are getting conflicting info from accountants that we've spoken with as to whether or not we should elect for an S Corp.We both plan to maintain full time jobs outside of our LL...
Schneur Sanowicz
Was offered 110k up to 150k to property manage at 21 years old
Hi guys I was offered a job today to property manage all around Florida for a minimum of 120k up to 150k. The job entails to go to Jacksonville Tampa Miami etc, lots of driving. It's a high paying job, I don't have an...
Vladimir K.
W2 job and flipping homes and taxes
This is a hypotethical question for me that I did not see answered. As I understand it, buying a property with intent to flip it quickly, for a profit, makes one a 'dealer' in the eyes of the IRS. Dealer is someone ...
Jason Mak
How do you compensate your onsite managers?
Greetings BP,Curious how others compensate their onsite managers. Free rent? Rent Credit? Salary? Hourly pay? One of my buildings is only 24 units so it is not quite a full time job yet there are still weekly tasks...
Brittany Johnson
is working for a wholesale company a good idea?
I was recently approached by a wholesaling company about working for them as an Acquisition Manager. I have similar sales experience and the are trying to recruit me.. after doing some research it seems like I could d...
Kevin Van Dyke
Hopefully starting my rental business in 2018
I want to buy my first rental this coming year and then keep on buying and ASAP my goal is to quit my full time job. I drive a semi full time and I’m a part time firefighter/EMT (I will always keep doing that though)...
Aaron Ray
New to Washington D.C. and Bigger Pockets
Hello! Anyone from the D.C. Area? I just graduated college from Penn State and I'm currently splitting a house rent 4-ways with some friends in the D.C. area. My original plan to get started into real estate investing...
Edwin Renninger
[Newb] First Deal in SE D.C. - House Hack Lite on SFH
Investment Info:
Single-family residence buy & hold investment in Washington.
Purchase price: $499,900
Currently have 4 br / 3.5 ba townhome under contract in Southeast D.C.
Going to live in the sma...
Neil Fanstone
What to do with 300k OPM
Hello everyone, I've been offered a 300k short term loan (5 year) at a low interest rate and I'm mulling whether to take it and also what to do with it. I can support the monthly payments with my salaried job but I'm...
Meagan Peters
How to structure JV for mortgage with co-signer
Hello everyone, I'm about to purchase my first rental property (a duplex in Moncton, New Brunswick). I have enough capital for the down payment, closing costs, rehab,... and will be doing the renovations/management my...