All, I've read there are better tax advantages for using an LLC for rentals and an S-Corp for flipping. I have had an LLC and recently set up an S-Corp to start doing rehabs. I like the control features of the Solo ...
I am a partner in a three-member LLC that holds a multifamily in Lowell Massachusetts.
Currently, I am providing property management services for the building. The other members are not involved in property manageme...
Hello, I am Lucas Wolf, 18, i’ve been watching biggerpockets for a year now just absorbing knowledge, I have low capital but my plan is to get enough capital to get one Section 8 Property as proof of concept to bring ...
is it the norm in Baltimore city for an investors buyers agent to charge $1000 flat fee for properties prices below $100,000?
Hey guys, Real Estate newbie here. I have been educating myself on real estate for the past couple months and am excited to get into the game. So here is the current situation. I currently live with my father in the h...
Basics: On a typical wholesale deal, for example someone gets their first deal done and makes a $10K assignment fee, (and doesn't do a 1031 exchange). Is there a basic tax rate that he will have to pay at tax time or ...
I would like to start earning interest by borrowing money and lending the borrowed money out secured by real estate. My ultimate goal is to become a private lender without having any money myself. Is there a way to bo...
Hey BP,
How do mileage deductions work in a partnership structured as a multi-member LLC? Are the miles I drive only deductible to my share of the rental income or is it deducted from the total income of the LLC firs...
One of the most common struggles for aspiring fund managers -- current cash flow.Many fund managers are struggling in the short term to produce cash flow for their business.In a typical structure, fund managers (speci...
A few questions regarding wholesaling, one, what happens if I am not able to find a willing buyer before the contract runs out? Am I able to simply walk away from it and the seller moves on to someone else, or do I ha...