Hello all,I'm currently trying to find out if I need to register a sole proprietorship in MO and what kinds of costs that entails. I'm currently looking to purchase my first property. Everything is going under my name...
Rookie investor here who just recently discovered bigger pockets and am all in. short backstory of where im at and how i got here. I cash out refinanced my primary in 2019 right at the start of lockdowns with the idea...
Is it wise to use your business line of credit to purchase homes and either fix them up or even do anything with them? Are there certain limits that you can use business line credit for purchasing real estate?
Does anyone here have any experience using cap gains for opportunity zone investments instead of the traditional 1031 like-kind exchanges?
Short question: Can the interest from a hard money loan be used for tax purposes the same as a conventional mortgage? What if it is an interest only loan can it all be deducted on your taxes? Thanks for any input!Sorr...
Good morning BP,So what are you goals for 2017-18?In Jan while on deployment my initial set of goals for 2017 was to start our Rental Business and make 12000 this year.Fast forward to now:Goals for the year:Finish c...
Hi everyone! I'm wondering what the differences would be between a double close vs contract assignment when tax time comes? As far as I can tell for contract assignment it would be income tax + self employment tax. Fo...
How do I determine the best avenue for my real estate investing future? What is the best way to be structuring my business?We are shopping for our first turnkey property and have a complimentary consultation on Monday...
Hello Bigger Pockets,I am a Private Money Lender. I only lend to real estate investors. I only lend to business entities (i.e. LLCs and Incorporated). I do not lend to individuals. I also only lend on non-owner oc...
Hi Gang,
My father is retiring and selling his business/property. I'm trying to think of the best ways to 1.protect the income from taxes and 2.create a good investment vehicle for his future retirement. He does ha...