I have a question about property management trust accounts. My husband and I currently own and self manage 105 units in Minnesota. We are looking to expand our business this year and potentially start a property man...
Hi allI'm a remote investor and have built a small buy-and-hold portfolio of SFRs in Kansas City (Missouri, not inner city, but generally C type neighborhoods: $700-1000 monthly rent) and am in process of leveraging a...
Here is a question for folks who have experience doing various investing strategies through the years. I do understand that these strategies span the gamut of totally active to totally passive participation. If you ar...
So most people seem to recommend an S corp for flips (and new construction specs), and an LLC for long term holds. I've adopted this tax strategy, and my LLC has now purchased an office building. The building has...
Hello everyone! My name is Noe, and I am a Chicagoan with a passion for real estate and technology. I focus on the residential properties in the Southside of Chicago. As of 2022, I tapped into mix-use properties (resi...
Paying off a house completely is a trap. You should avoid it if you want to amplify your wealth.Here’s what to do instead:Successful investors own nothing outright. They sit back and wait as their properties go up in ...
Hello everyone, I'm starting a property management business in Greenville, SC. I've formed my LLC, built a website, built most of my systems, and opened my operating and trust accounts. I'm currently just waiting for ...
From my readings on this site it is clear that the main goal is to position yourself into using other peoples money to become a real estate mogul. I'm just curious what strategy you would recommend if you came into $1...
I've been a sideline student of real estate for many years but I'm hoping to take the leap into passive real estate investments in the near future. After much research and consideration, I've decided that I don't have...
Hello,
When purchasing land or rental properties can this be a deduction ? My LLc is primary over our retail business and we were hit hard with owing quiet a bit of taxes around the sum of 48,500.00 for 2019. I’m tr...