So, I wondered if anyone had insight into finishing an attic space if my joists are 8x2 spaced 16" apart. Now, I have heard that this only allows for "office space" rating, but my intention is to put in a full 2 bedr...
I have two rentals and right now I am about half way done with my 2nd brrrr house. The rentals are owned by my LLC just for them. I am wondering should I be operating a second LLC for the management side? I do a lot o...
For anyone considering crowdfunding websites, huge SEC investigation into billions of dollars of investments that say the collateral for those loans may not exist at all. Personally, I'd never sign up for the micro-sh...
I’m planning on to flip a house later this year. When I profit from a flip I know I have to pay the capital gains, is the tax paid at closing? Or do I pay the capital gains when I do my taxes next year?
I bought a house for $1...not $1 deposit...but $1 total purchase price. Here's how I did it: [LINK REMOVED]
Has anyone done this before?
What would be the best depreciation method when I am only planning on holding a rental property for 5 years?
Thanks
The age old question, “Should we build it new, or fix up the old?” I know a lot of people will say it depends on the area class (A, B, C, or D) you live in or is it even the best/highest use of the land?! But I live i...
I'm looking at buying a short sale property so as is condition. The floor in one room is partially unfinished (like they ran out of money to finished putting in the laminate but the quiet walk stuff and whatnot is dow...
Hello bigger pockets family!
How many LLC's should I have to ensure I am protected and correctly set up to do proper investing?
I've heard that you need at least 1 LLC but I've also read where you could do 3 LLC's.
Greetings BP Friends!I am currently having an attorney set up a holding company and an operating company for me. We've discussed various options like Series LLC, land trusts and even setting up LLC's out of state (Tex...