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Hi BP friends,I have been thinking about converting the basement of my primary residence in Herndon, VA into a short term rental. The plan is to add a full bathroom to the basement, and then walling it off from the ma...
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Searched the forums, but couldn't really find an answer to my questions about setting up the accounting around a holding company.I currently have 10 rental properties / 10 LLCs. I have a holding company created and w...
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After speaking with several real estate professionals, and one in particular, I’ve collected a few controversial ideas and beliefs. I don’t have enough experience to determine whether or not these are accurate assess...
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Posting my response to a client's question, in order to get my colleagues input on this issue.Q: I have an investor who is actively investing in real estate on their own & have no f/t job. So spending enough time ...
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I’ve been reading “Landlording on AutoPilot”and given that I am an injured Vet(wheelchair bound) , learning I can handle everything pertaining to the business with my technology is amazing…. My questions are; Is ther...
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I Just started this pre license course online and I think I may know the answer to this question but would just like to get some clarity on it from someone who is an agent who understands the law... It goes over the a...
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Tenant has a current lease agreement with seller and the rent is low at $600/month. We need to makeover each unit, spruce up the exterior, and increase rent to around $825 - $925. We technically wouldn't take possessi...
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The beginning of the year is a perfect opportunity to get even with all those contractors who worked for you during 2018: report them to the almighty IRS and make them pay taxes on the money they received from you. In...
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I have been on Bigger Pockets for about a year and this is my 1000th post. I have to admit my posting has slowed over the last few months. I found myself spending too much time on here and not enough time on my busine...
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Hello Everyone,I've read through a few threads on here and decided to join the site. I am active duty U.S. Navy, about to separate in December this year. I am interested in becoming a real estate investor to build wea...