Jonathan Jewell
Commercial Cash business mortgage note clauses? or suggestions
Hello all.I have a question when it comes to buying a commercial property also included is the selling of a cash business and the seller has not kept the best records, and a good portion of the income was left off the...
Account Closed
To profile or not?
I'm curious what the advantage or rational might be for not sharing information here on Bigger Pockets. It seems to me that it quite worthwhile to share what you can about who you are, what you do, what your local sp...
George P.
Being flagged as a 'Dealer' by IRS - for this strategy?
Business entity - one member LLC
Strategy: contract assignment and contract assignment with short-term (one year or less) financing provided by the entity to the end buyer/rehabber.
...
Paul LaSpina
Business structure
I am starting my RE investing biz and have been going back and forth on set up and state of incorporation, I am at the point the I believe an LLC would be best and I should probably set 1 up in Wyoming or Nevada. I li...
Saim Chaudhry
CA Gas Station - Lease option vs seller finance
I am representing a client with a gas station for sale in CA - the sellers have a potential buyer that they want to do a deal with. It is both the real property and the business that are to be sold. There is one major...
Joel R.
Am I required to issue 1099s to contractors if I only have one rental unit?
Hello Everyone! I am looking for some advice regarding the 1099 / 1099-NEC tax forms and whether or not I must issue these to contractors for my specific rental property. I currently own just one property (a duplex) a...
Lee Schram
private money Illinois
Does anyone work with a private money lender they can recommend in Illinois? Not HARD MONEY lender, strictly private money lender who doesnt charge the high interest rate and the points?Thank you
Eric Stiffler
Tax Q: What about expenses incurred prior to purchasing?
I have a couple of rental properties, 4 doors. Been at it for almost 15 years (yes, its just a side-thing, for now...). Have also been doing my own taxes the entire time. Expenses incurred to maintain, fix, service th...
Kevin Shook
Duplex appraised using single family comps?
I just received the appraisal for a duplex under contract. The appraisal was approx. 8% over the sell price, but I realized they classified it as a single family and used single family comps. Its zoned multifamily (...
Ashwani K.
Good income but weird credit
While trying to buy my first investment property (175K), i am being told by mortgage brokers that I can't get a loan. The primary reasons being given are:
1. I don't have 2-yrs worth of self-employment hist...