I am under contract for a 20 Unit office building that needs major rehab. I'm debating between Central HVAC systems (separately gas metered) and electric Mini Split Air Conditioning Units. I have the budget to install...
Hi folks --The cheapskate that I am, I'm always trying to buy things at a discount. I came across the SimplyCash Business Card from Amex, which among other benefits gives you 5% cash back at office stores and no annua...
Hi Everyone! I am a newcomer to the real estate investing business and new to the site. I live in the Western suburbs of Minneapolis and am mainly interested in flips and possibly wholesaling to get some cash to event...
Have been flipping for several years, and now is the time to start protecting myself while growing.Has anyone in Illinois filed for a S-Corp? Can you give advice on the process? How Illinois may differ from other sta...
Hi All,I am starting to think about creating my first lease for my first duplex in the Milwaukee area. Where is the best place to start that process?
I’m preparing to buy my first rental property soon. My question is about the taxable portion of the rental income, specifically, money that is set aside for repairs, vacancy and capX. Is that money considered as incom...
Hi All - Unfortunately I have lost trust in my CPA after reviewing my latest tax returns(they missed major expenses that I had to call out) so resorting to this community for learning and knowledge while I also look f...
Hey BP members,Had a quick question for the PRO's - I am negotiating my first FSBO deal for a SFH and was wondering if I can use the Purchase & Sales Agreement from the association of realtors (TAR - Tennessee ass...
Hi All,So might be a stupid question but here goes... What is the best way to categorize expenses that are for your overall business operation when you have several properties? For example say I purchase a printer, st...
I’m a licensed realtor in NJ and have been with my brokerage for 3 years. I’m just now questioning the MLS fees coming out of my end of the commission. I paid to join the MLS’s that I list on. I pay all my own fees an...