Hello BP community! I have a flip going and am wondering what everyone's thoughts are for continuing work at it. We have been put on a "Stay at home" order here in Minnesota from our governor. We are 3 weeks in, the p...
I haven't yet closed on my first rental which is a 2 unit, but I'm trying to get ahead of the game here. I've read a dozen books, podcasts, researched, and looked at many properties. But now i'm going to be a landlord...
Hi All,Loaded subject line, but here goes...I'm a licensed Illinois Realtor (about 2 years experience) in the Metro East just outside St. Louis, and I'm just about ready (after much paralysis by analysis) to begin inv...
What do you think is the best way to structure a second real estate brokerage company? Background: I have a Florida real estate brokerage company (an LLC that has elected to be taxed as an S-corp) that is 100% commer...
We are in the process of buying our first investment property. We aren't going to do this as a regular thing. Our situation is that we wanted to purchase a home in the area we want to move to in a couple of years and ...
Hello everyone,So my business partners and I are thinking of starting an S Corp vs an LLC that can be taxed as an S corp. I just wanted to ask what are some of the benfits tax wise and if someone can send me a contac...
Okay...So I have been studying this problem for years since I started doing sub-to purchases/wrap sales and it gets more confusing every time I look at it. I was hoping one of the tax wizards on the board could expla...
I am yet to make my first investment- but have been doing my homework and saving, and I'm "almost ready". I work in a secure, full-time employed position, and I love my job. To be clear, I do Not intend to quit anyti...
We just recently purchased a rental property in Utah from out of state. Prior to renting out the home we will have to fly out there to prep the home for rent. Just wondering if we can count expenses incurred for fly...
I've been tracking every dollar in and out of my REI activities for the past few years and decided to back-test the numbers to answer the question: What if I would have put all those investment dollars into a super pa...