Vasudev Kirs
Question about security deposit and business account
My tenant will be transferring security deposit into my business account. Are there any restrictions on whether I can use it for other expenses or should they stay in that account? Below are the laws from my state re...
Lauren A.
LLC Question
Hi Everyone,I have a question about LLCs... When my husband and I bought our first 4-unit building we created an LLC and pretty much sat on it for three years. When tax season came around, we reported our properties o...
Tim Sansone
Homeowners insurance options - my agent isn't helpful!
My insurance agent is being less than forthcoming when it comes to info on homeowners insurance options. I'm trying to compare RC to ACV and she won't give me all of the options. The company has placed too high a valu...
Seth Dillon
Trying to find a good agent
Good day! So I recently signed up a few weeks back and have just been learning as much as I can (I read the Ultimate Beginners Guide and all of the free how-to guides and am thinking on getting one of the books soon)....
Victoria S.
Cash on cash return and asking price
Would you pay asking price on a duplex (which is overpriced probably by 10k) if the cash on cash is good (22%)?
Ricardo Olea
Carrying a Note
Hey BP family,One of my mailers might have produced a potential buy and hold deal for myself. Still being so new to the game I'm not to sure how to go about this. The seller is motivated to sell, just waiting till the...
Yue Tian
AirBnb Expense Writeoff
Hello, I started my first AirBnb late 2023 and it was rented out for less than 14 days. Based on the 14-day rule, I don't need to file any profit from my short term rental. However, my main expenses (furnishing the pr...
Randolph Westbrook
How to effectively mix a law degree and real estate investment
Hi BP community,I'm a lawyer in Las Vegas, Nevada, and I love practicing law. However, I have recently decided to try my hand at real estate investing. On the BP podcast, Josh and Brandon said that being a lawyer in t...
Tae C.
Taxes: Rehab without receipts from contractor
Hey all,I recently began my first flip project as an out of state investor. I was able to vet out a project manager/coordinator group that manages all aspects of the rehab especially for remote investors. They have s...
Amie Wassell
Wyoming Holding Company then file a California LLC?
Currently looking to start investing. I am currently starting to structure my side hustle correctly. (I screen print and embroider apparel for small businesses) I have my DBA for that but plan to make it an LLC.I have...