Able Waller
Rental Tax on Personal Income plus Finance QnA
I own only one property in my personal name. Everything else I am partnered on various LLC's for flips / rentals. On my personal taxes, how do I report and how will I be taxed for my rental income? Also, anyone ...
BRadley Cottam
Anything wrong refinancing immediatly?
I am about to purchase a SFHR for about $35,000. I have spoken with my bank and I will be able to immediatly refinance (since im commercial and not personal loan). I will in turn use this money which will probably ...
Account Closed
Business credit card
Hello BP. I am just starting to develop a real estate portfolio and I would appreciate your advice with reference to tracking business expenditures. I have not done a single deal, but will enter real estate with sin...
Max Briggs
Which tenant to choose
I recently had a lot of interest in one of my houses during a showing and received a couple of applications from some qualified tenants and I am trying to make the right choice and wanted to get the opinions of the bi...
Jorge Ramsés García
What would they do with 350,000 USD in Los Angeles?
I would like to know your point of view on how you would maximize capital by focusing on cash flow.
Billie Joe
K-1 Tax form: Limited or General Partner for LLC Partnership
It is my understanding, that when you have an LLC limited partnership, at least one of the partners are General. We have 2 partners, and the type of business is rental. One partner is Limited and the other is General-...
William Mccurdy
Depreciation method preference
MARCS or straight line depreciation. So as I understand it if I use MARCS I will be on the hook for more in taxes when I sell the property vs straight line depreciation. Still with that in mind what is the preferred d...
John Voychick
basic flooring in 100-150k ARV rehabs
I am working on my third BRRR in Jacksonville and have learned a ton along the way. I'm trying my best to learn how to streamline these different processes. I know there is a lot of discussion on this but I'm still ha...
Tarica Davis
Rochester NY market for wholesaling
Hey just passed my RE exam and debating whether to take a realtor position or work with a mentor locally. I would like to wholesale or bird dog to gain some capital to get my first property but I’m not sure which is t...
Chris Theis
Aspiring Investor from the Tampa , FL
Hello everyone, my name is Chris Theis. I moved to the Tampa area about 7 months ago. I currently work in digital media with a background in branding, marketing, web development, print, and broadcast. I've been liste...