Albert W.
Starting Out -- Do I need S-Corporation?
Hi All,I'm just starting out here and am looking for my first property to buy-fix-flip. I do have a day job however so this is really on the side. My question regards taxes. From what I can gather, If I flip a hous...
Cade Armstrong
Newbie in northeast Texas
Hi,I’m looking to get into real estate investing. I’m in a small city in northeast Texas, and more precisely - north-east of Dallas Texas.I am currently not working, I’m looking to get a remote job in the information ...
Oliver Roberts
IRS Income Reporting from Wage Garnishment
We were awarded a court judgment last year and were able to slowly collect with wage garnishment through the ex-tenant's employer. The employer reported it as a non-employee compensation (Box 7) on 1099-MISC. The prob...
Mark S.
Max Number of W-4 Allowances
What is the maximum number of allowances someone can take on their W-4? I've read articles that pretty much say between 0 and 4 depending on filing status, children, other jobs, etc. After completing a worksheet at ...
Ye'Chiya Harper
Options for Securing a Mortgage without W2s?
Greeting BP Fam,While saving for our dream home, my husband and I decided we'd house hack our first home. My husband's now "former" employer failed to provide his corrected W2s and his most recent pay stubs for the pa...
Greg Mesa
Getting started in TX
Hello everybody, I'm new to investing in rental homes. Looking to start purchasing single family homes (7+) between San Antonio and Waco for rentals. Still living in Las Vegas but will be relocating to TX in 2 years. ...
Christine Johnson-Sundby
How to research a city
Hello BP!
I am trying to decide what city to invest in...multi family, SFH for buy and hold. How do you "vet" a city for stability? I have tried researching online but I haven't found what I'm looking for. I will ...
N/A N/A
Tenant lied on application
I received an offer from a prospective tenant to pay an entire year's lease up front. This seemed like a good offer to me, so I had basically decided I would rent to this tenant (before I had checked her background). ...
Fern Jard
Tax issues in Hard Money Lending
Hi Guys,
Brand new here, with a question:
Can hard money lending be considered a small business, where expenses can be deducted -- just like any other business? I thought this was a given until I started reading ab...
Susan Bearce
Disregarded Entity for LLC?
Hi All,I am curious how other investors file their LLC when applying for their TIN. A partnership, corporation or disregarded entity?