Todd Magin
Taxing of Capital Expenditure Funds in LLC
How is the capex reserve fund handled tax-wise in an LLC (or S-Corp)?Over the year, a portion of the rental proceeds are siphoned off into an account for future upgrades (roof, furnace, rehab, etc). Does that count a...
Cayla Walker
What do hard money lenders want to see?
I have a property in mind that I want a hard money lenders help on. I have a few lenders in mind but how do I present the property to them so they more than likely will say yes.
Brenda Logan
Quickbooks Airbnb sales tax input I think I have it......mostly
So I needed a few things. I need my invoice to match what Airbnb sends me for payout and I need the sales tax to be what is actually taxed so that QB can keep up with it for me. I worked on this with my accountant s...
Travis D.
Problem with Purchase Agreement that was Assigned
So I'm interested to get some feedback and guidance on an delicate issue I have right now. I put a property under contract and it so happened to be one that was vacant for 3 yrs and the sellers were still moving pers...
Justin Melton
Str Furniture chairs
I have looked at several posts but am curious what chairs you recommend for living room to go along with the couch.
My wife found some mid century modern chairs from Walmart but they were fabric and I’m sure they wo...
Matthew Rembish
Flipping Full-Time in NJ: #5 Complete
Back in early July of this year, we closed on a 1,200 sf, 3/2 ranch in our hometown of Brick, NJ. This was another scenario where our agent had been the winning bid at auction and had later passed this property on to ...
Cody Evans
Flipper Agreed To Work With Newbie
Hi All!A flipper has decided to walk me through two of his new homes he just acquired through the end of the flip as a learning experience. This is really cool. He wants me to estimate rehab costs and then he will com...
Jerry Westhoff
Grand Rapids Tenant Advice
I finally closed on my first duplex in Grand Rapids, MI. The property currently has tenants upstairs. The lease that I inherited does not list anything about access to the basement. The tenants do have access to th...
Justin Goodin
By 12/31/21 I want to have ____.
How are you going to finish out this year strong? Are you on track to accomplish your goals you set earlier this year?
Jamall Lynch
CaPex Budgeting Costs
Top of the afternoon BP family,
I’m a newbie who recently came across a formula on how to budget for CAPEX. It says that I should take the cost of the repair and divide it by how many years it will last and divide t...