Zyon Jones
Looking To House Hack
In Jacksonville, Florida and looking to house hack (preferably multifamily). When looking to determine the rent of the property, does the 1% rule really matter ?
Mark Ham
How do I know if my offer is really presented to the seller?
There was a property and our bid was 10% over asked. Option period 5 days and almost 10% earnest money. Have bank commitment letter lined up even my agent said it is a real solid offer. We didn't get it and there w...
Sheba Shimoji
Pay my own property management company
Hi, I have 17 unit rentals and I have set up a S-corporation acting as property management company. The average property management fee in my area is 10% of the rent collected. How much should I pay to my corporation ...
Kerry Drake
LLC holding primary residence?
I recently started a wholly owned LLC to perform fix and flips initially, with the idea of transitioning to buy and hold as the cash reserves allow. Is there any tax incentive, or disincentive, to transferring my ...
Cassie Villela
Do you allow tenants to have weapons?
Just went through the process of renting my first property! I used a lot of the resources from Brandon & Heather Turner's book on landlording. One of their rules in that book is absolutely no weapons or firearms. ...
Brandon Stiles
Questions about using LLC for flips...
I know I need to sit down and talk to an accountant before moving forward but I was hoping someone could help clarify a few things for me.I'm planning on creating an LLC for house flipping. Mainly so I can elect to be...
Bryan Hancock
Recognition Of Partnership Values On PFS
I was wondering what method folks use to value their in-process partnerships on deals they're working on when they submit their PFS to lenders. Things have become quite complicated to account for lately with all o...
Account Closed
FEAR
Hi everyone, I'm sure you've all heard it before, but FEAR is simply false emotions appearing real. Whenever I start to feel intimidated or overwhelmed, I just tell myself that these feelings don't have to exist if I...
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tax ID& incorporate?
I have a question, by the way im going to try flipping properties just have'nt gotton started.
My question is I live in massachusettes Im going to be flipping property in florida am I supposed to get a tax id number i...
Samson Kay
Can't upload a profile picture.
I'm having issues uploading a profile picture. Does it need to be a particular size and format for it to be accepted? I've tried JPG and TIFFs to no avail.
Thanks