This may be a loaded question but how or when does your real estate portfolio turn into a “Business”? Meaning at what point do you hire employees, quit other income streams etc… Is the money coming through cash flow f...
New to BP and looking forward to learning much more about making money in Real Estate, I have 1 house in Royal Oak no cash flow this is a family house that I maintain for a impaired brother, I am 50% owner at his pass...
Wanted to find out what people think of this line of thinking : 1) All your buy and holds are a business 2) You borrow money with a downpayment, just like in any business you would have some stake (say a VC funding)...
Hey Everyone! First post. I'm super new to the real estate world so please forgive my ignorance.
So I just started working for my parent's property management firm and things seem to be done super mom and pop style ...
My Brother In Law and I are running through the preliminary numbers, questions, and research to develop a plan for purchasing and renting out investment properties. There has been some discussion as to purchasing pro...
Is an LLC the correct entity structure for a new partnership with as many as 7 members?
Hi Everyone! I would appreciate if any accountants, lawyers, etc. can shed some light on the implications that arise from being a CA resident who invests out-of-state through a business entity such as an LLC.
I want ...
Hello BP community, So I know this is random but I have been reading into owning a laundromat as an easy to run business. It looks as though there is a lot of upside potential and not too many negatives. Aside from th...
This is a two part question, I'm curious to know how both buy and hold and flippers distribute their cash flow or profits to themselves.Scenario #1: Your a house flipper, you finish a project and profit $30,000. Of t...
Can anyone tell me what licenses I will need to get my real estate business started.