I've been in business for 2 years, and have reached the point where I've consistently been remodeling at least 2 homes at any given time. My average is 3 homes being remodeled for rental or flip at any given time. Tha...
Just read 2 recent article (http://www.govtech.com/gt/734535 & http://www.palmbeachpost.com/money/real-estate/palm-beach-county-foreclosure-auctions-to-go-online-113473.html) that miami-dade and palm beach county ...
Hi BP,Hopefully you can guide with the next steps, this is what I have going on. - I Own a home in south Florida (fort Myers) that is paid off. My mother lives in this house, and will for the rest of her life. The val...
Bought our home 7 years ago with the intention of renting it out one day (didnt intend to fall in love with the area). We paid it off 3 years ago and have enjoyed stock piling money and becoming debt free but now we a...
Recently I have been looking for a new place to rent. From what I have heard, property managers should be screening potential tenants on the phone prior to any showing taking place. I have called about six or so place...
Hello, I have a question about shielding my personal residence. Quick background, I have a paid for house and my wife and I have saved enough cash on the side to get into the brrr game. Still very new and learning. I'...
Hi folks, I don't like how I am not compensated for my time as landlord when I am doing renovations/maintenance on my properties. I guess maybe it just creates a convoluted mess of paper-trail, but if I created my ow...
I've setup an S Corp for my business and am wondering you can help me identify what tax deductions I should assume at the employer/corporate level? FICA, State Income Tax. Is there anything else that I should account ...
When doing our first flip project, we purchased the home in our personal names. We used money from our LLC account for the purchase, but IIRC the actual cashier's check to title company was in our personal names. We ...
This is a partial FAQ for a very complex topic that has a lot of possible twists and complications. Maybe it will trigger a discussion leading to a more complete FAQ.Here is a scenario. Harry goes on a weeklong trip f...