Jane Z.
Hiring kids for a rental LLC
Hi,I have several children related tax question. After consulting with my CPA, I am now confused. Here is my situation.My husband and I set up a rental LLC several years ago. The same CPA told us since only my husband...
Deion Alaei
Being a new real estate agent and paying for the costs
Hello BP,
I'd like to get opinions from fellow BP members on the following question.
When a person first becomes a real estate agent, they have plenty of costs/expenses: both personal and business expen...
Todd Gustafson
Strategies and Philosophies: Multi-part question
I've been reading some on landlord mentality. It's led me to a few things I need to clear up. I'm a newb and still in the absorbing information phase.
This may be easier as three seperate questions. Here it goes:
1)...
Joel Palmer
Apartment Complex Expenses?
Hey guys!Trying to do some research on what the expected number for an apartment complex would run. I've run across a deal that has gotten me thinking, but I don't have a lot of solid numbers in my mind. I doubt I'l...
Brent Breitbach
Does this deal make sense.
so I'm looking at getting my first rental property.I will be buying a duplex from my grandpa and residing I'm one side.It has a long time tenants that he has never had problem with.I am offering 200k and will be finan...
Derek John Sharrard
Discussing My First Deal
Hello everyone,My name is Derek Sharrard and I am from Bay City, Michigan. I recently just closed on my first Investment Property (Buy and Hold) and wanted to discuss it with other people who are starting out. Hopeful...
Christopher Smith
This Proposed NY Senate Bill Scares Me!
https://www.nysenate.gov/legis...
The above bill is very concerning to me. I have diligently paid off most of my mortgage debt and now rely solely upon rents from my very modest portfolio of properties. How can it be...
Aaron St. Clair
Interest vs no interest
Hey guys, I have been learning about REI and in all the bigger pockets it talks about mortgages. Anyone who knows almost anything about Dave Ramsey knows that he is a big advocate of not buying anything except maybe ...
Jimmyhee Quach
Partnership in LLC Expense Tracking
Hello! I have recently created an LLC with a partner of mine to make our first investment. Wanted to gather the great minds in the BiggerPockets community for pointers to get us started on the right foot:1) What is th...
Andrew L.
Landlord Pays Utilities
I'm looking at this deal where the gas, electricity, and water is paid by the landlord. The rents are above market because of this. I was wondering when you are faced with this situation on a smaller multi-family p...