Derek Smith
Business Expenses - Can we write off prior to LLC?
Recently my girlfriend and I have been remodeling her house, some changes were required (repairs) while others were more cosmetic (general updates). Once finished we will list it as a rental, in a couple months, but w...
Emily Phipps
Transferring deed AND mortgage balance?
I posted this on the RE Rookie fB page, as well as the BP FB page, but figured I might as well as here too š¬....We would be grateful for some advice on the following scenario š:My husband and I have lived in a house š”...
Tyler Hiatt
Are Architectural Designers an Asset for Developers?
Hello All,I'm a young designer looking ahead at my career and wondering if there is a more profitable path for me outside of theĀ traditional architectural practice. Currently I design architecturalĀ projects of many si...
Sam Erickson
"We charged a penalty on your Partnership tax return"
Hi Everyone,IĀ received a notice from the IRS saying My LLC that has four members was charged a fee because according to the IRS we "filed the partnership return late."The amount is $4,920.Ā ($205 per partner per month...
Meghan Roman
Seller Nondisclosure Issue in Minnesota w/ Active Lawsuit
- We purchased a duplex in February 2021. In July 2021 we learned there is an active lawsuit tied to our property where our seller is suing the previous owner regarding substantial driveway grading and basement water ...
Graham Lawlor
Informal partnership tax filing
My uncle and I bought a building together and after a minor renovation we're flipping it for a decent profitWe're 50/50 partners on the project (we contributed equal shares of the capital/expenses and we'll take an eq...
Dustin Ruff
Has anyone used a riba free mortgage
I tried searching it on the forums and it pulled up zero results. Does anybody have any experience with riba free, or interest free, financing? Itās an Islamic form of banking.
Liam Burke
Looking to Learn!
I moved to Austin from Virginia about 5 months ago after getting out of the Army,Ā and am working fully remote in sales. I've been a listener of the BP podcast for years and have read plenty of RE books.Ā A huge motivat...
Michael Giorgianni
E & O Insurance - Wholesaling Real Estate?
Has anybody here looked into having E & O Insurance when they are buying/selling (Wholesaling) Real Estate?
Jake Kucheck
Lawyered!
Well it had to happen sooner or later...
One of the properties we bought at auction responded with a strongly worded letter from the attorney that was trying to prevent the foreclosure. This was to the effect of the...