Hello BP! I have a family member looking wanting to exit his corporate job and start investing in RE. He has $1m+ in his 401k. What are the best tax strategies to mitigate the tax burden and avoid the 10% hit on being...
Hey all!Man am I excited, I wont get into the details on here though. For that youll have to check out my page and see what I've written about!So for all you with 0 experience to the pro's, I have a really basic ques...
Hello BP World:My equity partner is my father. We are going into business together to flip homes in FL and are looking for some advice. I am setting up an LLC, and he is planning on investing in my LLC as a minority...
Hi all,
Up until Friday, I was happily employed and investing passively, but aggressively by acquiring solid cash flowing single family homes that I would rehab, then rent. My business model was such that it...
Hello,here's my situation: I live in a house and rent rooms on AirBnB. What can I deduct?1) I live in 1/2 of the house (sqft). However it is only 1 bedroom: I rent 3 bedrooms on AirBnB. My research told me to split co...
Hello (again),I would like to purchase a commercial building in Las Vegas. The building has been identified. Now the next step is to create an business entity to purchase the building. It appears that Nevada has fa...
Hello all,I am newer to REI as well as BP and I'm close to looking at actually obtaining my first property. I was wondering, is it better to start a company such as an LLC before I start buying properties? Or does it ...
Hello,
Need to set up an LLC and was wondering what other people are using? ZenBusiness? LegalZoom? or a Local Agent?
Any opinions would be helpful!
Thanks,
Zack
Newbie from Houston. Have co-founded a start up that was born as a deep clean, rehab, and staging service, that has blossomed into an investment company as well.
Definitely a toddler in the flipping business! Lookin...
Hey guys. Long time podcast listener, occasional forum lurker, brand new poster. My name is Brandon Copeland and I'm currently based in St. John's, Newfoundland, Canada. I grew up in Nova Scotia (about an hour outside...