Jean T.
Have you partnered with your contractor?
Has anyone out there ever partnered with a contractor to do a rehab? In this situation, I'm thinking that you buy the property (using whatever means) and the contractor rehabs the property for a percentage of the prof...
David C.
Tax question new construction
If I decide later to start a construction business (actively building and selling new spec houses), assuming this is taxed as ordinary income with social security, etc and treating the homes as inventory - if you buil...
Tanner Morrill
Profit Margin Professional STR management
Hey BP community! If you're a professional manager of short term rentals, can you please tell me what your profit margin in and how many units you manage, and are you paying wages to yourself or others? I'm starting a...
Jason Malabute
tax prep and accounting cost
Hey BP Community,
I’m curious about how much other real estate investors are paying for their tax preparation services and accounting. Specifically:
1. Tax Prep Costs: What are you typically paying for tax pr...
Preston Smedley
LLC Costs - How much? Is this a good deal?
I'm a new investor and looking to start out with a couple flips a year to generate cash to fund purchases on rentals and duplexes. I live in California and have owned one rental property in Texas a few years. I think ...
William Mullins
Tax Advice
BP Community...I'm requesting recommendations for a guide on tax strategies and reporting (basis, adjusted basis, business expenses, etc.). I've found lots of material on rental properties but I am having trouble fin...
Tom Fenoglio
CPA & Attorney referreal for out of state investing
I will be investing from out of state (I'm from Argentina). I'm looking for an attorney and a CPA who could advise which direction to take with the LLC setup.
I will be investing:
Real estate - I will buy 1/2 renta...
Bob Harris
Income or not?
Are the draws I take for rehab on my properties considered other income on my P&L statement or are they not included at all? My reason for asking is because all my expenses (subs, material, interest, and utilites...
Mark Forest
Deducting vehicle expenses
I just bought a cargo van that will be used only for my rental properties. I know there are two ways to expense the costs; either direct expenses or mileage. Which method do all of you use and why?Also, I want to ma...
RJ Bohigian
Formal Introduction & Question for the BP members
Happy Thanksgiving to the BP Community Members!I wanted to briefly introduce myself, make an invitation for connections, and ask a question of the members?My Name is Robert Bohigian, wife is Denise Bohigian ( She crea...