Mark Fletcher
Flips and Rentals under one business a good idea? Bookkeeping?
I started an LLC for the purpose of wholesaling. I haven’t successfully wholesaled anything yet, but I’m about to purchase a rental property. I expect to still wholesale some properties in the future. I know of severa...
Harry Campbell
Almost done with my Rental Prop Taxes
Thanks to this forum I found NOLO's Landlord deduction guide and it has been a god send. It's answered pretty much every question I had and the examples are super helpful too. Great recommendation.
Anyways,...
Kevin B.
Tricks to asses the probability an auction.com property goes
There is a property I am interested in from auction.com in San Diego.I am considering booking a flight since I live out of state and I know auctions are often canceled so I am worried about wasting the effort.On the o...
Dorys Prentice
Looking for advice from CPA on whether to LLC or not
I'm hoping there are some CPAs or personal experience (knowing I need to confer with a CPA) here to assist me with a decision on whether or not to open a LLC in TX (our place of residence and where we'll do all our bu...
Becky Watkins
Deck on an Owner-Occupied Multifamily
Last year I redid the stairs on my triplex. It was more than a small repair, so I am capitalizing it. My question is whether I can depreciate the whole thing or just 2/3 of the cost. The entrance to my unit is in the ...
DeMario Drummond
Buy and Hold for 2 years... Whats Next?
I backed into REI a little over 2 years ago. i chose the buy and hold method and i have no real complaints so far. Just looking for someone with more experience to give their opinion or tips. I have two single family ...
Denny Cash
Tracking Categorical Expenses
Hey BP Fam. This is my first year as a landlord. I have grown to having three single family properties and one duplex. As I have grown, I have learned (continually learning) more on how to structure my finances to ens...
Devin Chong
BRRRR condo unit for personal residence?
Hi All, Would you BRRRR a 2 bedroom condo unit for your own personal residence, if at the end of the day you break even on cash flow from current market rents? The positive note it is less than a quarter mile away fr...
Account Closed
Usury
Assume the usury limit in my state is 10% and that I do not have a license that exempts me from that law. If I loan a rehabber $100k in exchange for a split of the profits when (s)he sells, would a payoff of $120k ($...
Kyle Mchugh
Seller financing With Balloon Payment?
What other methods have other off market entrepreneurs found the most beneficial to structure and why?