Andrew Grams
Online Rent Collection
We recently landed our first house hack/investment(!), and so far our inherited tenants have been a dream(!)... but I want to switch to online rent collection and I'm sort of shocked that there's no standard-bearer fo...
Aditya Soma
After 6 CRAZY MONTHS finally I closed my first deal
Hello co-investors, I hope every one is doing fantastic. Very very excited to share my story, might be helpful for some newbies out there like me.I came to Canada 4 years back from INDIA, currently working as Software...
Omar Johnson
Choosing A Business Structure For Your Real Estate Business
As a real estate investor it is important to choose a business structure that gives you the maximum asset protection as well as the best tax advantages. Although I can't advise you as to what type of entity you should...
Jodi Barraclough
Benefit of structuring as Series LLC and S-corp for Taxes
Good afternoon!
We are currently structuring our Real Estate Investment company. There is seemingly a variety of recommendations as for how to establish this entity. Is there any advantage or disadvantage that comes...
Joshua D.
How to create the perfect business model
So currently its me,my wife and 1 employee that run this business. We have 8 units 1 duplex and 6 SFH's. I find the deals and run around and try and keep it all together doing it all with some construction stuff and k...
Dan Ross
we're getting screwed!! WE NEED HELP!!!
my wife and I are trying to buy a short sale. We made the highest offer (full price), we were the 1st offer in and have an escalation adendum to bring it up another 12k. The realtor convinced the selling family to c...
Matt Motil
One LLC, or one for rentals and one for flipping?
I have searched for a while before posing this question, but couldn't find exactly what I was looking for.I recently put my latest flipping project under contract and have been going back and forth on whether to keep ...
Robert Lindsley
Murder/Attempted Suicide in Tenant Unit
Hello BiggerPockets family,My wife and I own a multifamily apartment building, and we had a terrible tragedy a couple of days ago.We await the final police report, but there was an apparent murder/attempted suicide in...
Lilith Wolfersberger
Tenant Claiming Service Animals after signing pet lease
Hello,
My tenant signed the lease at the beginning of June, to move in mid-June. This lease included a pet addendum for her 2 small dogs. Now that the first full month's rent is due (after she has already had the ke...
Costin I.
How is rental income taxed?
In my planning for retirement, I estimate my family annual expenses to be about 100K. I want to know how much do I need to clear in rental income to be able to cover that.
Obviously, the depreciation should make the ...