David M.
tax treatment of office space
Here's a question that must be a no-brainer to others, but I'm drawing a blank and thought I'd put it out to the BP community. How do you handle tax reporting for an office space? That is, how do I handle the taxes ...
N/A N/A
Need advice- I earn a good salary
I work for a fortune 500 company and I grew quickly in the company taking on new challenges.I have a good title and earn a 6 digit income.
However, I am very overworked and always in high stress. I usually work on wee...
Account Closed
To website or not to website...
Hello all, I feel like I've learned enough about wholesaling to get started. But when it comes to actually starting to find deals, I am in a bit of a slump. I want to create business cards, and things of that nature b...
William B.
Is it possible to create an LLC for a husband and wife and not pay self-employment taxes?
Hi BPers-I want to create a business name that is separate from my wife's and my name. I primarily want this to serve two functions - 1) so our tenants do not know that we are the 'big, bad landlord' and 2) be able u...
Joe Wood
Reducing taxable income ideas
Hello everyone,Interested to see what are some good ways to increase deductions in order to reduce taxable income. I am already acquiring one more property, but looking to see if anyone has some creative ideas out there.
JP Falk
Co work space for contractors
Toying with the idea of developing a project which would be targeted at tradespeople/smaller contractor. Each tenant (or partner, not sure of the structure yet) would have their own office space (approx 200 sq ft), a...
Ryan Ahlgrim
Business Line of Credit
I’m planning to do some buy and hold investing in 2014 and am looking to use a business line of credit for my down payments when purchasing new properties. Depending on the lender, they will require a 10% - 20% dow...
Brad Turner
Rehab Estimation Mobile Apps or Websites?
Hi everyone! I'm a new (brand new, no properties YET) real estate investor in the NE Houston area... Humble, Kingwood, Atascocita, Huffman, Crosby, etc. I've been feeding myself through a fire hose the last few months...
Linda Ford
Changing LLC Tax Status to C-corp
Hi,I formed my LLC in February 2018 and will be filing taxes for the first time in January. I have been doing some research on changing my tax status to a C-corp and want to know if that would be ideal for me, conside...
Deepak Walia
Building Credit for Newly Created LLC
Good Morning,Looking for advice on how to build credit for a newly formed LLC. I currently have 2 condos that I own outright (no loans) under my own name and earn rental income from. Going forward, I want to buy prope...