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Results (59)
Lauren Norwood LLC w/ S-Corp Election vs. Plain S-Corp
11 July 2011 | 21 replies

Hello,

What is the difference between the two or are they treated the same by the IRS? I keep getting different answers and I just wondering if someone could clarify.

Thanks,

Lauren :lol:

Julio Cardenas Mini split system for my rental property???
15 May 2018 | 23 replies

Hi I'm in a situation regarding mini split system. I Just bought my first rental property, it is 3 flat in a Chicago suburb. I currently have baseboard heater heating and have to pay the entire gas bill my self becaus...

Gabriel Smith ARM 10/1 financing on rental
13 September 2022 | 29 replies

Hi everyone!I feel like this might be a dumb question but I've got to ask anyway. Im looking at financing options to pull about 20K out of a rental. I have a hundred thousand in equity. My local bank presented me with...

Kay H. Could this be a good deal even though it has negative cash flow?
27 August 2015 | 95 replies

Hi guys. I'm in the process of purchasing a property, but I just realized it has negative cash flow when I factor in the maintenance and vacancies. However, I think one of the main reasons it has negative cash flow is...

Ben Kniesly 9 residential 30 year fixed mortgage is in my name .
25 November 2020 | 66 replies

I would like to consolidate the 9 30 year fixed mortgage (currently in my name) into one loan and open up a revolving line of credit to move on additional deals.The nine houses have 70% equity.I’m a professional ...

Lawrence L. House hacking my CPA says don't claim rental income
24 September 2019 | 26 replies

I have a one family house renting out the top living in the basement. My CPA says when I file I should not file showing the rental income because if I want to sell then I will not get the 250,000 tax free allowance. I...

Jon Hill My goals for 2020. What are yours?
29 December 2020 | 238 replies

One the things I learned from BP that I love the most is the goal setting for the new year. My fiance and I started this last year and really enjoyed it, for not only personal goals but couple goals. So what is everyo...

Karen Margrave Sunriver - Bend - La Pine OREGON - Let's plan a meetup!!
18 September 2018 | 111 replies

Hi everyone!! For those that don't  know who I am, I am Karen Margrave. I've been a moderator on BP for several years, having become obsessed with the site in 2010 or so. I was living in Orange County CA and we were b...

Shiloh Lundahl Sharing Success Stories or Bragging?
14 December 2017 | 34 replies

There are two schools of thought that I have seen compete when it comes to talking about success. 1) Don’t tell others about the successes you are having because it will make them feel bad, envious, jealous, or think ...

Account Closed Fourplex Analysis Help
27 April 2019 | 32 replies

Hello BP, 25-year old from Texas here and I'm itching to get into the game. Here's the first property that I've come across that seemed actually worth my time to crunch the numbers on, help me see if this is a good de...