Roger Laughary
S Corp Instead of LLC for Rentals?
I searched for detailed information regarding this before posting, but was hoping for some more distinct answers. I have 8 units right now in Kansas under one LLC and have a W-2 job. I also have several friends (some ...
Account Closed
Is Boston Developing too fast? Quincy, Malden, Chinatown last vestiges for developers hungry paws?
I have seen Boston exploding with new developments. But part of me sees it as too big too fast. The rents they are asking are incredible. Are people really that many people making 6 figures in Boston. Based on 40X sa...
Edward Ray
Do you pay yorself a base monthly salary?
Hi BP'ers,I'm working on my first property.It is a city property that I own free and clear.I purchased it for 8K ,will put 40k in rehab(60% gutted). ARV might be about 55-60k Its a 3/3 duplex.Projected rents $625-...
Roy N.
Further Bank of Canada warning on housing market
This is the third such statement from the BoC in the last quarter. Bank of Canada says housing, debt threaten financial systemBut the many, many homeowners, investors and pendants who have drank from the fountain of "...
Account Closed
Prices & Taxes - Where to consider investing
An annual income of $250,000 won’t put you in the top 1% of earners, but it will get you close to it. That’s because only 7% of households in the United States earn $250,000 per year1. How far that income truly goes i...
Nicole Heasley Beitenman
I got a new job! Time to make some decisions about my finances
Hi BP! I'm leaving the REIT where I did accounting and short-term leasing for retail shopping centers and heading to a property management software company where I'll be doing sales. Wages are likely to be 60% salary,...
Robin Searle
Economic Outlook for Colorado Springs Is Extremely Good
Yesterday I attended the annual UCCS Colorado Springs Economic Forum led by Tim Quinlan, Director & Sr. Economist with Wells Fargo Securities and Dr. Tatiana Bailey, Director of the UCCS Economic Forum. Tim spoke...
Account Closed
Beginner in Property Manager needs HELP! Canada
Hello Everyone,So I have been managing this 38 unit building in Calgary, Alberta, Canada for about 8 months now. When I took over the building it was making 36k gross rent per month and there were 8 vacant units, now ...
Christian Nickolas Setser
Getting Started In Real Estate - Network Connections
Hi All!
New to BiggerPockets. New to Real Estate Investing as well.
Currently am a 25 year old in capital equipment medical device sales. (Save at least 30% of salary yearly) 15% of salary goes to Stocks, 15% of s...
Jeffrey Hayes
Help! Best entity to form for flips for tax liability
Hi, I'm a real estate broker/investor in Tucson, AZ and I have been flipping houses for several years now. I am just about to be a licensed broker up in Colorado and I will be doing flips up there also. As of right...