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Hello! I am looking for advice on a strategy to acquire vacant lots. I have a strategic partner as a long term tenant, who anticipates rapid growth in the next two years. In order to keep pace as the land acquisition/...
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I've been listening to and reading BP for a while now, but I'm new to the forum. Looking for advice, others in the area with info on what to do/avoid.
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I'm currently reorganizing and restructuring my rentals from being a sole-proprietor landlord to having an S-corp for managing properties.I just set up S-corp for managin the properties January 2017. It's $800 per ye...
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On a separate thread today there is a debate about flipping versus buy-and-hold. The point was made that one should focus their investment strategy and that diversion from focus is a sign of an amateur. Others disag...
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This post was prompted by a discussion with an investor who approached my firm for tax strategizing. The investor was particularly concerned about receiving proactive tax advice. As opposed to, you know, retroactive t...
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Hey Everyone, So I'm beginning my first stages of REI, and about halfway through my Real Estate License. I've been researching the different types of business options I have available to me in this industry and I j...
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I am looking at a house that has knob and tube wiring. To replace the wiring it is much cheaper if I demo the sheetrock myself. When you demo sheetrock, do you try to save baseboard, window and door trim, or do you ju...
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I've had the same business accountant for almost 15 years. Knows my business inside and out, does my personal taxes as well, and I trust him with his decisions on my taxes. In the last 2 years, I've added a commerc...
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I'm new to real estate and been self-educating for the last 8 months or so ...but one thing I'm a little confused about is the tax advantages...
Do you have to wait until you are a full-time real estate investor to b...
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I have a single family rental in upstate NY that’s currently occupied up to November 2020. I purchased the place back in 2016. Depending on the market, if I sell once the tenants lease is up, I should walk away with r...