Property A was owned by LLC A 50/50 me and another partner. After five years of LLC A owning Property A, I created LLC B with two extreme-minority partners (0.5% each, as a formality for lending purposes) and bought ...
Hello everyone,I’m looking into house hacking and wanted to hear some opinions on house hacking a duplex vs a single family home. It seems like a duplex is the better option as far as numbers wise with halving multipl...
MY FIRST BP POST! YAY!I have read 100 books, read forums, watched podcasts, analyzed deals, talked to my lender, paid off all my debt and I have $50k to play with. I can't use that $50k to buy multiple properties in D...
With a lot of changes in our personal life, I have had to re-visit all of our investments. There is no doubt that well purchased and well managed rental properties, whether a SFR, a small multi-family, a large multi-...
Hey there BP nation. First time questioner. I've been on BP for a little over a month and reading and learning a lot about fix N Flips, and also participating in the forums sharing knowledge from my experiences in rea...
Hello!I'm a contractor in Minnesota and recently my wife got a job in an area about 200 miles away (where we grew up - which means a ton more connections). So needless to say, I'm moving my construction company (once ...
When I have to ask this question on BP it's time to find a new accountant. LOL. I will get my first 1099 from Airbnb this year. Do those numbers get transferred to a schedule E or am I actually paying regular old 1099...
Hi everyone, need some help here. I currently own a 2 family property that I will have paid off in a few years and starting to think about how to reduce taxes and maximize gains. Background:purchased 2 family (2 2 b...
Our property management company, Alpha Realty, has changed hands twice and served us well over 30 years, taking care of one property in Baton Rouge. We live in Virginia. Lately, I have had to resort to calling the own...
I put in an offer for a potential flip. My offer was for 45k subject to inspection and financing.My agent says the seller has responded by saying 45k is fine but they only want cash offers and they are "not going to d...