Good evening everyone,
Trying to learn more about storage facility ownership and management. I am considering a small complex with less than 70 storage units probably to start off with. Few questions:1) Anything I s...
I am negotiating with a property manager to maintain a 30 door investment. Recently, It came to my attention that the manager is charging a $50 application fee, and he would like to keep late fees. In your area: How m...
We're just getting started and need a company phone & business number. To save on costs, can we add another phone and line onto our personal plan? How does this work with tax write offs?
We own and self manage three rental properties. Two of them are in Kentucky and one in Florida. We would only plan to manage our own properties.Would there be any tax advantages to starting our own property management...
Hi, I am wondering if I can deduct "business" expenses prior to purchasing any real estate? I eventually plan on purchasing an REO property and flipping (and will likely set up an S-Corp), but I might not even make m...
Hey ,So i am brand new to the world of real estate and recently bought my first two family. I was just wondering if it would be a good idea to get an LLC before i started to get more investment properties? Thank you!
I know that it can vary widely depending on how the agent and their brokerage do splits and desk fees. I am interested in the other costs, like membership fees (NAR I am guessing is a requirement), MLS access (or is ...
I'm trying to make sense of what I'm reading about deducting meals. It looks like I have to be on a business trip in order to take the deduction. Is that right? Here's my scenario:
I'm getting ready to take posses...
Greetings BP,I'm not giving any advice here, legal or otherwise, just sharing a reminder / FYI as October 3rd rapidly approaches, which is when the new TILA-RESPA amendments goes into effect. I've included a few links...
I've never bought an investment property (own a 2,000sf office building for my business) and have been absorbing as much wisdom as I can from BP. I found a single family house 3/1.5 1500sf in my old neighborhood my w...