Kellie Powell
When to scale your buisiness? Should we hire general labor?
My husband and I have an LLC flipping houses. We are currently working on our 3rd investment property. He does most of the labor, I do all the designing / bookkeeping and painting. With him being the only person o...
Mike S.
Use a home mortage to finance an LLC
I am looking to inject (contribute) some money into one of my LLC to finance some new acquisition this year.I am refinancing my home (that is under my own name) and will use the cash out as contribution into the LLC.I...
Christine Kankowski
Zillow charging for rental ads!!!
It finally happened, they are charging a weekly $9 or so for rental ads. This is way too much. I need to find another way. Thoughts?The MLS wont allow watermarked photos. The watermarking prevents the scammers from t...
Atul Kaushal
Advice Needed: Investor & Contractor Buy/Hold Partnership
Dear BP Members & Mentors,
I’ve been in the business a couple of years and have been fortunate (along with some hard work) to pull together a small portfolio of buy & hold properties. In the process I ran i...
Brandon Roof
Year End Tax Assistance (Flip)
I purchased a home in 2019 to flip. Rehab began in 2019 and ended in 2020 and the home will likely sell later this year. In regards to year end taxes, what, if any, expenses from the purchase, rehab or carrying cost...
Jason Rhine
Question: Quarterly taxes on LLC member income
Let's say I am the only member of an LLC and the business makes 20k through wholesaling in a given quarter. If my marketing expenses were 3k, I suppose I would be expected to pay personal taxes on the remaining 17k...
Christopher Perez
50% of Loan Requests get Turned Down Due to Improper Packaging
Preparing Loan Requests That Get Funded Lenders are driven by many factors; one of them is self-preservation. Simply put, no lender wants to make a deal that goes “upside down” Therefore, a would-be borrower, wants to...
Brad Birky
How to claim our business use house hacking?
Hello - I have a somewhat unique situation that I am unsure how to best claim on our jointly filed tax return. My wife and I are based in Florida and work as non-profit business consultants. Last year we had a client ...
Bob Lowry
Can Property Management be a real business?
I am a cash investor managing my own properties in CA. Due to high acquisition costs, I am limited in making the number of investment units I would desire, but do want to remain in touch with the market and genera...
Vincent Carroll
Vague invoice from a contractor
Greetings,My wife and I hired a general contractor to renovate a garage on one of our properties. He provided an estimate up front , and we paid half as an initial deposit. Upon completion of the job (which was done s...