John Ma
Creating LLC without putting any properties in it
Hey guys, I like to think I'm real creative but as always, someone has probably alraedy thought of it. I'd like to see if anyone else is doing or isn't doing what I think is a viable idea.I have some rental propertie...
Brenda Whittaker
When should I set up the LLC?
Dabbler in rehab and other stuff, I need to get my investing back on track. BP, this is a wonderful place by the way! With cash being tight I must wonder, is it beneficial to pay now to set up an LLC, as if maybe le...
Juan V Lopez
In VERY One-Sided Deal With Landlord For My Business Building
Context: I own a donut shop in a busy area in Denver. I acquired the business in January 2019 and the previous owner had a lease agreement through April 2021. Business is good, but my current lease is terribly one-sid...
Mindy Jensen
Can Rental Income Qualify Me for a Self Directed-Solo 401(k)?
If I have a rental business, can I use that income to qualify me as self employed so I can set up a self-directed solo 401(k)?
@Dmitriy Fomichenko @Seth Tandett
NA NA
Hiring an employee/partnership?: 1099, W2, pay cash?
I really need direction in businesses. The business that I will describe for you can be any business - it can be an ice cream business, or even an office coffee service business. Forget real estate for one second. ...
Yaya Y.
How do you make money from a syndication?
Hi everyone,I am interested to know the reasons (pros/cons) for syndicating RE deals. I was running the numbers on a typical deal, and the GP usually makes anywhere between 5-10k depending on the Purchase price of 600...
Mark S.
Paying LLC Attorney Fees/Costs - From Personal or LLC Account?
So, I finally decided to start an LLC. After much debate and discussion, I decided to use my local attorney to do it. I checked with a tax advisor and they said all the start up costs are tax deductible, which makes...
N Miller
Insurance in California - Much More Difficult Process This Year
We own 23 single-family homes in the area. All of the homes are located in working-class neighborhoods and we are fortunate to always have them filled at 100% occupancy. We have owned most of the homes since 2009 / ...
Jeremy Huggins
I Purchased a Subject To within 2 Months of Moving to a New City
Investment Info:
Single-family residence fix & flip investment in El Paso.
Purchase price: $26,250
Cash invested: $52,605
Sale price: $163,000
I partnered on this deal. We purchased the distr...
Andrew S.
Test AirBnb market in small town
Hey BP,I'm considering converting a unit in my quadplex to an AirBnb rental. It's a small town of 2500 people that had a gross motel in town. There's minimal to no other options for short term stay in town. I don't wa...