Can I "pay myself" to manage my rentals 20.5 k on a sched C and write off the fee. I would pay the same income tax and add fica on the sched C. Goal is to fund a roth solo 401.
Brain storming with a friend about short term rentals. The idea of using Conex boxes was brought up. Has anyone don’t this yet? The biggest problem that I’ve thought of so far is insurance. I contacted an agency and t...
Hi there BP folks.I am sending out my first mailer and wanted to get some advice from whoever is so willing. I am looking for some high level things NOT TO DO as I start sending out my mailers.
I currently own 7 Class C and D properties (13 units) in two different markets. Everything was fine until the pandemic hit. Tenants were paying on time, and I had minimum issues. For the purpose of this post , I will ...
I am a first time homebuyer looking to purchase a multifamily unit (duplex/3plex/4plex) in the San Antonio/ Boerne area. Ive been in contact with a real estate investor friendly realtor I was matched up with through t...
Hello everyone,I am looking at creating an LLC (2 partners) to buy my first property in the US and trying to find out costs related to accounting and tax returns.What is to be expected on this front ? I have a first o...
First of all, I'll state my objective here so I'm clear what I'm looking for. Q: Do you guys think I should take the next week and try to cram in as many estimates and preparation as possible to try to see if this dea...
Hi,I just bought a house to flip, and below are the estimates I got for labor only. I got multiple estimates and some were even higher. This was the lowest estimate I got. It's a 900 sqft house. I measured the walls ...
I've been reading posts here on BP for the past few hours where a lot of our members are defending both sides of two very classic RE investor battles:
1.) Good neighborhood or bad? (Low cash flow + hopeful appreciat...