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I am interested to open up an LLC as a real estate agent in NY for tax purposes (thinking to elect the LLC as an S-corp for tax purposes.) Is anybody else doing this and is it worth it? Do you need to put your LLC nam...
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Hello everyone, I have been snooping around BP for a while now and realized that I haven't introduced myself, for which I solemnly apologize.
I am 26 years old and have been in the building industry, from design to c...
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The concept of modular homes is fascinating. The production efficiency is much greater than traditional home building due to the ability to manufacture rooms/homes indoor, mass replication of standard designs, high d...
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Investment Info:
Vacant coastal CA land purchased off market, improved, sold. We took a piece of raw land and made it "turnkey ready" for a buyer wanting to build their own home. This one took us a long time - 3 year...
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I am currently a senior majoring in mechanical engineering. For the past three years, I have worked for an engineering consulting firm in New York City where I have designed MEP (Mechanical, Electrical, Plumbing) syst...
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I have done some initial research and found this a rather controversial subject but here goes...I am currently a pass through entity and file as such. This means that all of my income is passive and that I can't contr...
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We are looking into a unique opportunity. The building is over 5,700sf with 19 units, 18 of which are studios with 8 shared bathrooms and a large shared kitchen. The 19th Unit is owner occupied which could potentiall...
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Hello, I am currently doing long distance flips in Pittsburgh, PA and I am from Long Island, NY. I have found all my current flips on the MLS and want to start building a system for deal flow in order to grow. How hav...
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What are some of the advantages and disadvantages of each approach?
Which one would be a better route to go for a first time investor with no prior experience?
No negative answers or “can’t be done” from naysayers p...
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Hi all,I'd like to get some first impression opinions on a deal I am seriously considering.The single family house consist of 4 bdrm 2 bath,1300 SF house with a 480 SF 2 car garage on a 5000 SF lot. Built in 2007, ex...