Hi all,I'm going to build a new condo apartment (8units) from crash (all utilities such water-hookup, electric, sewer are available). Usually the owner would need to work with an architecture and a developer for such ...
I have decided so far not to create a LLC for each property, instead using a good insurance. Also because getting loans is complicated in LLC and there are fees for each LLC (just $800 per year franchise tax in Califo...
Hello BP family,
I was scheduled for a closing this Thursday. However, that has been extended a week since they have to evict two units. My loan officer hasn't got back the clear to close due and or closing disclosur...
For both renovation and new construction, I think to prefer CPVC. It's cheaper in labor, cheaper in material, and isn't a theft risk. (In fact, when there is Copper piping in a house I will sometimes go in and spray p...
I was curious to find out what brand of paint everyone is using in their flips and rentals.I have seen some contractors getting $60/gallon paint from sherwin williams for $15.I am thinking because of the volume they ...
Hello,5 years experience with single families and a duplex BRRR strategy but never used a LLC. Looking at buying a 8 unit. Live in CA but have rentals in TN.Here are my questions:1. Should I put the 8 unit in a LLC? A...
Hello I am hoping to gain some knowledge and or insight in using shipping containers for mini storage. This idea has come up because my father is currently doing the same thing. His containers are on the same property...
There are a lot of big old homes in my Baltimore neighborhood with 5+ beds and 2+ baths in the 80k-100k range (rehab quality). Neighborhood is safe and up and coming. I can see potential for 2 units in these homes, ...
My understanding of Dealer Status is that if you are flipping on terms (in my case: buy on terms, fix -or not-, then sell on terms) then you lose the ability to be taxed as an installment sale where your gain is sprea...
I would have to say that I am very very lucky because I have partnerships now that work amazingly well like marriages made in heaven. One of my current partnerships is with someone who I could literally chat with for ...