John M.
Flip Income Tax help needed (and appreciated!)
Oh man how I hate doing taxes! Although I must admit that as I learn more and more, it does get a bit less intimidating. I've got pretty slim chances of getting an audience with a CPA this week so I hope one of you ...
Aram Zoraian
[Calc Review] Please help me analyze this BRRRR deal!
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*This link comes directly from our calculators, based on information input by the member who posted.
Bethany Crawford
Quickbooks Accounting Question
I have another accounting question for you all! If I buy a new rental property and use money from my checking account for the down payment, how should I classify that transaction in Quickbooks? Should that cash expe...
Haley Jang
What should I do until closing?
Hello BP team, a new house hacker here.
I'm currently under contract for my first-ever primary townhome, which features 3 beds/3 bath. My plan is to rent out two of the rooms to help cover my mortgage payments.
So f...
Will F.
How to pay less taxes? 1 silent funding-1 active proj manager
Hi. I understand with flipping you have to pay ordinary income taxes on the profit.Could anyone explain how taxes would be for a partnership, in which profits would be divided 50-50 in the following scenario: ==one pa...
Marcus Bartels
Manage from a Distance - What to do with Keys?
Hey BP,I’m managing 4 units for a distance and am trying figure out the best system or solution to the keys.My first thought is to have a boots on the ground person I can trust to collect keys and take pics of units w...
Jeffrey Fecko
Best legal setup for investing with other partnerships
I am considering investing in a duplex with another partnership but I am unsure the best way to go about setting things up legally should I proceed with the deal. My fiance and I are looking to invest with another co...
Rick Albert
HMLs without LLCs in Alabama
Hello All,
Do all hard money lenders require the property to be in an LLC? I'm looking to buy a property quick and haven't had a chance to set one up. It would only be for six months anyways.
Thanks!
Lawrence Ng
House Hacking SFH in Los Angeles
Hi I don't know if this financially makes sense for my case. I want to house hack in LA specifically Monterey Park area. With PIMI + utilities + car payment, I would use my whole month of paycheck if I lived alone in ...
DAVID GAGE
Whats the best security system for personal residence?
I'm looking to get a new security system for my personal residence and was wondering if anyone could recommend what systems the best. I've thought about installing it myself but wasn't sure if its cost effective or sh...