Hey Everyone,A 3-hour conversation on a plane ride totally blew out my idea of what's possible, led me to the bigger pockets podcast, and ultimately landed me here to this site. I'm brand new to all of this and just t...
Hi, BP fellows,
I started to venture into the flipping world this year and has been successful at my first deal in summer. Now I am doing my second. Unfortunately, I bought both of these properties under my personal ...
I was reading comments about some crowdfunding site. Someone said they weren't attracted to a particular investment because it was a K-1 instead of a 1099. I was a little confused since a K-1 allows you to claim pap...
Hello,
I am closing on a home in Panama City Beach, Fl. I have 2 partners that are putting in money toward all the expenses involved in purchase and startup of this property as a short-term rental. All 3 of us live o...
I founded an LLC a few months ago because I wanted to turn my investing into a real business instead of a side hobby. My tenants now submit their monthly rent into my business account but lenders are not allowing me t...
I flipped property in 2017. We had two partners and used our personal name when buying. At time of buying, we did not have LLC setup.later on we have LLC and LLC taxes are taken care by CPA.How do we report sale of pr...
Hi everyone, just wondering what your experiences are on receiving 1099k form from using a property management software to receive online rent payment. I am thinking to switch to online rent collection from receiving ...
Hello Everybody, I've often wondered about this but I've recently talked to a friend of mine who is in this situation. He owns several rental properties that he bought through his IRA with non conforming loans. He's p...
Hi, I'm curious to learn how your experience has been with Open door capital or something similar. Pros & Cons. Also post if you know something similar.
Hey everybody, I was just wondering if anybody has made use of the the CARES Act to withdraw money penalty free from their retirement accounts? I understand that you still have to pay taxes on the amount but you can s...