Vidit Maini
Starting my small business
Dear BP family, I am finally on my way to start my small business. I have setup an LLC as a C corporation. I have the option of turning it into an S corporation. Year 1, I intend to keep my W2 job while i work to get ...
Susan O.
Anyone purchase new property in 2019 taking advantage of sec 179
https://www.kbkg.com/news/kbkg-tax-insight-tax-reform-changes-to-qualified-improvement-propertyAnyone who purchase a new building this year not they should do thisAnyone do it in 2018?MORE:Starting in 2018, there is a...
Cody Gebhart
$15/Hour Illinois minimum wage
Illinois is enacting a statewide minimum wage of $15 per hour by 2025. Have any experienced landlords had this happen in their state or city and what have been the effect on rents? Drastic increases or gradual incr...
Jon Elson
What is the Standard Contractor Profit in Rehab?
How much does your contractor usually charge on top of his (or her) subs to manage a rehab job? I am working with my first contractor, the prices he's getting from his subs are very reasonable, but he's charging 10% ...
Maria D'Aura
100% commission broker or traditional - Where to hang RE license?
I currently have my license hung with a 100% commission internet broker so it wouldn't cost me any monthly fees. I'd like to focus on building business as an agent in 2018 (thus far I haven't actively worked for busin...
Tyler S.
wholesaling costs
After taking 70 percent of market value and minus rehab costs and my assignment fee, what other costs do i need to figure in to make it a good deal for my end investor when im wholesaling a piece of property?
Chris Szepessy
Owning/managing indoor sports complex
Little background. Both of my kids are big into sports and I also enjoy playing sports. We spend a lot of time at indoor facilities and while I'm there I always think how cool/fun it might be to own one. I'm just wond...
Justin Wilson
Ohio State S-Corp Income Taxes
Hello,I was reading up on the requirements to submit tax returns and pay income taxes in Ohio. I've read the CAT is not required if the business has gross receipts under $150k. My rental income is way below that, bu...
Dan Hess
Can I deduct inspection fees on rental we didn’t buy?
My wife and I are looking for our first rental and went under contract but it fell through. So two questions:1) Can we deduct inspection fees?2) Can we deduct inspection fees for a home we didn’t end up purchasing as ...
Josh P.
I'm sure stumped...
I've read that its best to flip houses through an S-corp since money made from flips counts as ordinary income.
Problem is, the only business entity I have is the LLC used to hold my buy and hold properties.
This ...