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I'm looking to start buying and holding for rent. I've heard that it's wise to hold houses under LLCs for tax and legal protection. How does it work? Do I need to start an LLC for each house? Where can I find out m...
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Hello everyone, I go by Eris. I own a franchise business for almost 3 years now. Recently, I've had a tough time working with people. I know part of it is my problem but I don't know how wrong I am. People keep saying...
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My partner and I have been looking at multi-family house for the past two years or so and have even gone under contract on two properties before pulling out because of inspection discoveries. We hadn't considered comm...
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I am in the process of buying a 25 unit motel. The current owners have been operating for about 40 yrs and have bad record keeping. They say the expenses are 10k and the income is 25k. It is in ideal location for a mu...
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After 20+ years in real estate partnerships, here's what actually puts you on the IRS radar (and what doesn't):
REAL Red Flags That Matter:
The Partner Complaint Trigger
Disgruntled partner files Form 8082K-1 dispu...
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Question:Do you use a smart lock to monitor access to shared spaces or utility areas of the property to avoid persistent use but allow access by tenants?Background:I am in Chelsea, MA and in the process of moving into...
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Hi BP Community,Just wanted to get some opinions on this question!My wife and I own a vacation home in New Hampshire. We currently do not rent it out, and we are interested in moving it to an LLC. I am aware of the ...
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Planning to try my hand at Airbnb arbitrage. I have never owned or been a host/landlord and am itching to get in the business. Due to limited capital I’m planning to give Airbnb arbitrage a go. The strategy is to sign...
Ok let me start off by saying that I am NOT a real estate agent. This is my first wholesale deal and here's whats happening. I have a property under contract and I've JV'd with another investor who brought an End Buye...
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Backstory: For the past 5 summers, my dad and I have been going on fishing trips in Alaska and the past 2 we have had the opportunity to stay at this incredible lodge in Thorne Bay. It was just a little mom and pop op...