Guillermo Oyola
Fix and Flip with contractor partnership
I've been wanting to get into fix and flips for some time. Close family friend and realtor has suggested I try partnering with a General Contractor she knows well and has worked with in the past. The GC is wanting to ...
Alex Shaughnessy
My wife is opening home daycare
Good morning. Here is my situation.I am a w2 employee. All of our insurance/retirement is tied up w/in my job. My wife does not like her job and is making the leap to open an in home daycare as soon as our new house i...
Matthew Johnson
Should I be worried if the GC isn’t pulling permits himself?
Hello BP!
I’m a new investor working on my first deal and need to do a little bit of rehab. The bigger items on my list include some plumbing, electrical, and replacing kitchen cabinets/sink.
I have bids from two g...
Jason Riddle
Categorizing transactions not related to a specific property
I have the following situation. I have two properties, each in their own LLC. If I have an expense that's only related to one property, say a utility bill, than I can expense it under that LLC. However, sometimes I ha...
Rick Jones
How to write off general business expenses with several rentals?
Hi All,So might be a stupid question but here goes... What is the best way to categorize expenses that are for your overall business operation when you have several properties? For example say I purchase a printer, st...
Matt Rothwell
There's a market for this HERE? High end SFH rentals?
I was kicking around on Zillow today, and noticed that there's a surprisingly large amount of properties (currently 21 for rent right now in Raleigh) for rent between $2500 and $3500. That seems crazy high for Raleig...
Terry Hollinsworth
Do contractors usually charge tax for insurance claims?
Insurance agreed to pay 21K to replace roof. After we gave the contractor our insurance papers he charged quoted us: Roof replacement costTAXO&P (Overhead and Profit) His quote convinently came out to 20K. Do cont...
Don Chambers
How do I hire a manager
Does anyone have any tips on hiring someone to manage rental properties?I have 26 properties and I am trying to step out of the day to day operations. It's not a full-time job but it's a lot off hassle for me because...
Caitlin Stables
Which upgrades should I focus on before listing my MTR?
Our current primary is going to be our first MTR and first investment property to be clear! It needs siding, 3 full bathrooms updated, some overhead lighting installs and upgrades, drywall repairs, some exterior upgra...
Kevin Suarez Sabugo
Looking for a CPA in Calgary
Hi everyone,I am looking to get some advice on potentially setting up a corporate structure. I am located in Calgary, AB, Canada and I'm wondering if anyone could recommend some good CPA's.Thanks in advance!Kevin