The main benefit everyone's raves about, in regards to using an S Corp to flip properties, is being able to funnel some of the profits as "distributions" and limit self employment taxes.

However, in my situation my ...

Investors have chosen multifamily as a best-bet asset class.
HANDS-ON VALUE CREATION
Another winning quality is multifamily’s relatively low barrier to entry. Many apartment investors get their start in real estate ...

Hello to All of BP, I've been lurking for several weeks, but as several BP encouragement emails suggest: I have to stop lurking and get actively involved.I am Ryan Potter, an energetic, strategic 24 year old looking t...

Hey everyone, Tomorrow at around 12 PM PST, I'm going to launch our first book club discussion. We will be covering the Introduction of Rich Dad Poor Dad by Robert Kiyosaki. I don't know if this is useful, but I thoug...

Aloha everyone!
Like many, I was a service-sector employee who was made redundant due to CV-19 back in mid-March. Prior to this I was the General Manager of a brewery/restaurant for over 3 years with solid W-2 income...

Seller Contacted me...
Seller is 4 months behind... owes $80k +$4k arrears.
Found out its a private note...
Called Private note holder, OLD guy wants some help foreclosing on the sellers.
Home is worth $75k
It needs...

How does depreciation work as a tax benefit to offset taxes due on other income sources?  Is it better to have a more expensive property (for rentals) in order to create more depreciation...or several properties?  Tha...

This was my first house, though it's 76 years old. I paid cash for it just over 6 years ago and have already made my money back from rents and the property has at least doubled in value from 60K to 150K. The deferred ...

I have 5 properties with 4 of them paid for in Chicago, Illinois.  I owe 185K on the fifth one with a recent appraisal of 680K.  I am thinking it might be a good time to 1039 into something bigger.  Go from 8 total un...

Hi Everyone,
Happy to have found Bigger Pockets just recently and trying to catchup on all 500+ podcasts! I've been a real estate rookie for 20 years and now finally motivated to really focus. I bought my first apt a...