for investors in Massachusetts with two or three properties how do you structure things? do you have an S corp for the taxes or something else? I know LLCs are expensive so wondering what others are doing.
I want to scan my receipts, starting with this year, and store them on a jump drive. Any better way to do this... such as, should I keep them in folders by month.... by project.... by vendor (ie Home Depot stays t...
I have watched a youtube video that the CPA talked about forming a S corp and dump real estate agent commission into the S corp and pay less tax etc etc. my Question is, for most real estate agents, they are not the o...
Hello everyone,I'm relocating to Texas on order (active duty) and am about to purchase a SFH which I intend to live in. Can I file Homestead Exemption for this property given I get Texas driver's license? What would...
I’ve never seen this been asked on BP and sadly it applies to me so now I’m asking it. I’m trying to buy a house hack in Miami FL, I’ve found the deal and I have about $20k saved up to do the deal my only problem is I...
I've put in 18 offers so far on SFR's/multi's and have been rejected on each and every one due to a number of reasons - when there has been a good deal on the MLS, especially, other buyers are offering cash while I ha...
If I get a property under contract with my wholesaling LLC and I end up deciding to keep it as rental, can I wholesale it to my other LLC which holds long term rentals?
This is my first year owning a rental property. Therefore, this will be my first year doing taxes on the property. I only have the one property. What does everyone recommend on filing the taxes? Use a tax software...
Anyone has experience with an eviction process in Maryland? Currently following the steps below:https://learn.eforms.com/how-to-evict/md/?gclid=CjwKCAiAjrar...Any feedback would be greatly appreciated.
Hi, I just bought a property in November last year and on my tax appraisal, the property is shown way high. Here are some stats:Purchase price $225kAppraised value as of 2018 was $234kAppraised value as in 2019 is $27...