Zack Tran
How do I file taxes for house if owned by 2 separate individuals?
Hi everyone,Now that tax season is soon dawning upon us, I was hoping to get some insight on the best way to file my taxes being that my friend and I both own the property and are filing as separate individuals.In ter...
Armand Farr
Tax filings with properties in and out of LLCs
Hi BP - need your help with this situation:
- Properties A and B: Both were held by three partners in our own names individually (never held in an LLC)
- Property C: The last property was held in Acme LLC with FOUR,...
Courtney Rollins
DO YOU SHARE SKU'S? IS THAT EVEN A THING?
I recently attended the BWI REI meet up hosted by Bill Ames. J. Scott gave the featured presentation on starting and scaling a sustainable company. He provided so many golden nuggets as he shared six essential steps ...
Deviare Harris
Where to find contract documents
I'm wondering if anyone know of where to find vetted documents such as the documents required to put a house under contract with the ability to wholesale / fix and flip, STR or any other documents one would need when...
Manish Shah
Large files annoyances...
Hey guys...
After many frustrations about trying to send large files over email to my business partners, only to have it bounce back and then trying to go through hoops... I contracted some web site developers and cr...
Josh Engen
Pre move in Pics - should I send?
Hello fellow BP Members,
I think the conventional knowledge is that landlords should be taking pre move in pictures to document the condition of the unit. We have always done that.
My question is, as a best practic...
Alex T.
Quarterly LLC Payments
I have an LLC that was started in 2017 for my first flip. The LLC generated no taxable income in 2017, but of course, we still filed a return. We sold the flip property in 2018 for a profit. Was I supposed to be payin...
Mayar Ghaly
Will transferring primary residence to LLC affect taxes??
I'm new to real estate investing and new to the United States and how taxes are filed here. My dad, a US citizen who lived all his life abroad, sent some cash from my home country to be invested in the US. Spouse and ...
William Sieving
Planning Your Rehab and Timeline
Hello everyone!I am, potentially, getting ready to start building my first SOW to fix and flip a single family home. There is quite a bit to do and, while I am comfortable with Excel enough to make and use my own spre...
Andrew Karpman
Appraisal Report Request from Sellers
Hi, we're in the process of purchasing our first property, and we're in the negotiating stages of the deal. We've already requested that sellers repair the big ticket items as was indicated in the home inspection repo...