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My wife and I bought our first investment earlier this year - an STR. We have a money partner who helped finance some rehab costs for that property in return for some equity. We created an LLC, set up the bank accoun...
I have the option of being hired as an employee or independent contractor. I am wondering if any local accountants or CPAs in the DC / DMV area (I live in DC) have any advice as to which I should choose. I am going to...
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Question: Can a partner, using their own personal funds, who is on title as tenants in common with a partner that used SDIRA money to fund a rental property, manage and maintain the property for a fee? (Partner is lic...
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Hi, I am new to this site and am loving what I have seen so far!
My background is that I run a remodeling company and have always been interested in the real estate market in flipping "junky" homes. Since the marke...
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On a wholesale deal. $50k total sale, $11k profit. Double close process. 1099S form says $50k gross proceeds. Is wholesaler responsible for taxes on the whole 50k even though $11k was all they received???Or should thi...
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My son and I were having a real estate discussion this afternoon, and came up with a question that we weren't sure how to answer.If you have a rental house that is fully depreciated, and is then destroyed - natural di...
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I am currently self employed and considering a bank statement loan. Two years ago I applied for conventional financing for a house hack situation and was only approved for a small amount due to my DTI being so high. I...
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Hey biggerpockets forum, I am currently looking to get into my second multi family home. My first property is a multi family joint owned between me and my business partner, we have an equal stake in the property. Natu...
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Currently have 50 k in the stock market and I think the market is about to dive. What do yal think about pulling that out and investing it in a property. Thanks for the help.
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I'm looking to better understand how folks who live in CA structure their investment entities that are out of state. I'm looking at some investments in OH and will create a LLC there to own the property, but I can't q...