We are looking at some very old houses (built between 1870-1900) in Lehigh Valley, PA. I generally don't think old houses are necessarily a bad idea for buy and hold, but depending on the way they were built & mat...
My business partner and I have found another investor interested into going into business with us. Although we would prefer to use him as hard money lender, he would like to purchase rentals with us instead. How shoul...
What were the biggest lessons you learned from your note investing in 2020?For us, these were the two biggest:1. The structure of our funds led to our ability to withstand the extreme volatility and effects of the pan...
From a tax perspective, after consulting a CPA friend, these are pretty much the same. At this point I want to start up and incorporate but am unsure the legal differences.
I am forming a partnership (two people me a...
I have a seller that wants to sell his property, 3.3 acres which includes a house with two units, and three structures/barns/garages converted into businesses. He rents out two and converted one into a hardware supply...
Hello everyone!
I have a two pronged question...
Can you explain to me the difference between having an S-Corp vs an Llc Taxed as an S-Corp?
Lastly, I know some people simply say have a new LLC for every single fl...
Hello Friends,I have been looking into creating a Holding LLC. Any thoughts on using a Real estate attorney vs CPA vs Online source, doing it on my own? Also, any recommendations in the Georgia area would be very he...
So I own a business in the state of florida set up as an s corp. My question is could I use that structure to invest in rental properties out of state? I dont want to just invest as me personally without structure (li...
I have a good understanding of having each llc under a holding llc. But I plan on doing a few deals with my cousin to start off but I don't know if I would partner with him on every deal the rest of my life. Would we ...
Everyday there are questions on BP, and I've been messaged, regarding various compensation to be paid to others, especially those with larger businesses. Here's a sampling. So please, weigh in:
For those of you in pa...