Hello fellow BiggerPockets members,
I wanted to share important information and statistics about STR restrictions in incorporated St. Petersburg, FL, for those considering investing in this market.
St. Petersburg cu...
Hi, new to the forum here and I am looking into incorporating my rentals under a single entity and I am wondering how this would affect passive losses that have accrued over time? Anyone with personal experience or r...
Hello BP, I am a new investor, i bought my first property in Las Vegas with a VA loan a couple of years ago and have some equity a long with some cash saved up.
I am looking to break into a different market since my ...
Hello,I’m looking to invest out of state. Below is a list of questions I’d like to get advice on to determine how best to proceed. Would appreciate any feedback!1. Should I incorporate in the state I will own and rent...
Ok, So I had my sit down with my Tax girl, and was somewhat displeased. My situation: 150K in rental income before deductions. I am a sole proprietor. Question: As I continue to acquire more and more properties, Shoul...
I want to make the name of my business official in my state of Colorado, and it looks like I might need to set up an LLC first so the business is actually a business. Does that sound right? Or could I be missing somet...
Hey BP!
I've been facing issues with my current accounting company, so I met with another tax professional who suggested incorporating as a C-corp instead of an S-Corp. I'd love to hear insights from BP CPAs and Real...
Hi everyone, I live in Maryland, but want to set up my LLC in Delaware. Has anyone ever done this? If so, has it been worth it? For some perspective, I live about an hour from the border of Delaware.
I see other investors building on to existing houses to create more spread on their flips, but I just don't understand how to make this work. I have done several flips, but never incorporated an addition. Most neighbo...
Hi Bigger Pockets Fam! My goal is to create an LLC before I buy my first single family property. I'm more so interested in buying a property in the Philadelphia area, but I live in central New Jersey. Though I want to...