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I know that you pay property taxes for the property you are renting out, but are there any business taxes that you have to pay as well? Is there somewhere that I could look to find out tax information?
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I’m a newly licensed real estate agent, but I haven’t chosen a brokerage to hang my license with yet. I want to create a strong marketing plan before taking that step to help me achieve my goal of earning $50k in comm...
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I've been shopping my local area in Wilmington, NC for tax and bookkeeping services, but most fee structures are quite high for the 3 properties I currently have in my portfolio. Separate from their tax filing fees,...
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Both businesses are non-passive businesses:
In your opinion, if you had to decide between starting a brokerage or a flipping business which would you choose? A brokerage would need to constantly lead generate for ne...
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What is the general sentiment from RE brokers regarding salesperson licensees that want to be sponsored only to gain MLS access to invest for themselves (not for outside clients)? Do brokers view that salesperson a...
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I've heard alot of different strategies on how to go about being successful in your business. Is it better to pay off your home/one of your investment properties or is it best to keep investing your funds towards more...
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Five signs of a guru scam1. He tells you he’s doing this because “he want to give back”2. He states “ if you think education is expensive you ought to try ignorance” 3. He has employees standing by who can arrange an ...
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Restaurant tenant wants to sell its business and assign its lease to a person living in a different city. Is the potential new tenant's physical location a valid reason for the landlord to reject the assignment?
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Hello all,Just a general question. I primarily work with hard money lenders to satisfy my needs when it comes to my projects as a fix n flipper, however there is also benefit if I'm able to work with conventional loan...
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"Industry standard" seems to be that you pay a percentage of the total lease to the realtor that found the tenant, for the full term of the lease, and that is paid up front.
Why? Why do we do this?
Most of our prop...