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I've read IRS publication 527 and I think I need to form an LLC to separate the business income from our personal income. Thank you for your help and Happy New Year.
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Hey BP!
Not sure if this is the correct forum but I have my first property which is a B-/C+ area on the rise. More work needed to be done on the exterior so after painting the house, I wanted to replace the current c...
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New to investing, I have questions and concerns...1) Is it too late?-The housing price market is rising, competition between investors has skyrocketed, and the competition will continue to increase. 2) How does one ex...
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Is it illegal to violate a bank's due on sale clause for either buyer or seller? Can someone go to jail for violating this clause?
Hello, I'm 23 and beginning my path to real estate investing. Currently working 9-5 CORP job and saving 40% of my income to build up savings for down payment/closing costs. I have two avenues I am pursuing to get star...
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I'd like to invest in a rental property in Austin. I have an agent in Austin, who has narrowed down our search to the following communities. The criteria for selection was : <400K, close to the city, a property th...
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I’m using rent by the room house hack strategy for a SFH in the DC area, and I’m curious to hear about the experiences of others who used (or are using) the same strategy, specifically as it related to others account ...
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Hi there - I have been listening to the BP Podcasts and they are great! Some of my favourite moments are when Josh grinds the guests a little forcefully about actual dollars and profit. The problem is that every time ...
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Wanted to give my feedback on these two markets .. I am not making recommendations by any means I don't want to start a Cleveland is better than Philly debate other than we know the eagles are better than the brownies...
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Am I all alone here? People in my area can make $50/hour. Now, if we extrapolate from this, 50/hr x 40 hours/week = $100,000. Many of the people are dual income families. So a couple makes $200,000 per year. How ...