Mizael Quinones
Qualified Joint Venture
Hello, BP
My wife and I decided to place our then primary residence for rent in Nov/Dec '19. Its our only rental property. We did not file for LLC or anything like that. Is it necessary to file under qualified joint ...
Shawn H.
SMLLC Tax election with CPA
I created a Single member LLC at the end of last year. I called my CPA to ask about any consequences transferring from husband/wife to SMLLC (myself as the sole member). He mentioned that I would have to choose partne...
Sean H.
Do i qualify for 0% capital gains tax?
Help me confirm my google search, so i can avoid the trouble of doing a 1031 before my property closes.
I have owned this house for more than a year, (i can't claim it as a primary residence, but i think that only ma...
Jeff Johansen
Need help selling house
Hello, I am new to the forum and am looking for some advice in selling my house. My house is currently listed on MLS. It was listed a week ago and my agent and I decided to list it for a price just under the comps in ...
Tom Goans
Lease Term Length
Length of the lease term (more than 1 year): the goal is the longer the term of the lease the better. Why? A multi-year lease is extremely beneficial for both the tenant and landlord.
The goal for the tenant ...
Henry Camacho
LLC as an S Corp.
Hello BP Community
I have a question and hope to get as many answers and opinions as possible.
Has anyone registered an LLC but elected to be treated as an S corporation? I have read about this in many sites and a...
Sara K.
Do You Require First, Last & Security? (34787)
We’ve owned our unit for over 2 years, but inherited a tenant that just recently moved out, so this is our first time signing a lease with a new tenant.
Is it standard procedure locally to ask for first, last and sec...
Hunter Hanlon Taylor
ISO contractors for an STR near Columbus, Ohio
Hey, all, is anyone familiar with any good contractors near the Columbus, Ohio area who would be good for various updates I need done on my STR this winter? I just bought it in the fall and am trying to complete a bu...
Edita D.
Wood or other material for fence?
Hey guys!
We have a property in Texas that needs a fence update. Contractor suggested wood as the material, however I thought wood is more difficult to upkeep. Should we continue with cintractor's recommendation, or ...
Ana Vasquez
Company Structure (Live in Texas)
I currently own 3 rentals, flip houses, and build houses. What kind of legal structure should I be registering the company? LLC? LLC Series? Corp?