Nicole Chriqui
Entities and Taxation
I currently have 3 free-and-clear rental properties in a single-member OH LLC (I live in CA). Since that LLC is a disregarded entity for tax purposes, I use Sched E on my personal return to account for the OH rentals...
Eric La Pratt
MySmartMove or BP SmartMove - Why are these different sites?
I have an account with TransUnion's MySmartMove.com before I ever heard of BP. Now that I love BP, I want to support them and went to TU's SmartMove via BP. It said I didn't have an account... so I made one thinking m...
Eric Donaldson
Splitting water and sewer in a duplex - worth it?
We have a slow water leak near the foundation and have decided to run a new line to the duplex from the town valve ~30 feet away. Above and beyond the expected repair cost, we are exploring using this as an opportunit...
Stephen Aki
What would you do, Flip, Hold or Walk away
OK, so being the newbie here I did a search for the situation I am looking at but didn't really find anything. So I will throw it out to the collective knowledge and experience of the Bigger Pockets populace. I stum...
Michael Koch
Form an LLC in the state where the rentals are? does it matter?
Hey folks, trying to sort out whether I create an LLC in my home state or where my rentals are. That is what I've done in one state (Wisconsin) and now debating as I look in a new area (Arkansas), if I should form an ...
Maryrose Matanza
New Construction in Otay San Diego
Hi all, Currently came across new construction in San Diego. This is located in Otay, and the condo complex is called "Pinnacle Millenia". Would this be a great investment if I did the buy and hold strategy? The purch...
Account Closed
Converting a 2/1 to a 3/1 by adding an Addition.
I am working on closing on a 2/1 for a great price in a great location in Indianapolis. My plan is to put an addition on the back to make a Master Bedroom and therefore making it a 3/1. The property already needs so...
Bruce Scannell
LLC Formation, who's the managing member?
BP world,I'm trying to put together the operating agreement for a property holdings LLC and need input on the pros and cons of making myself managing member. I have a management LLC with my wife and I, and I'm looking...
Art Shalomov
My first large project in Phoenix, Arizona
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $235,000
Cash invested: $150,000
Sale price: $570,000
I purchased this as a long term hold at first. It was abo...
Vincent Lucier
Under Water in a Renovation
I have been investing in the Atlanta market for some time as a fix and flipper and fix and hold investor. I purchased a home which needed a total gut and renovations. I chose to do a 500 sq ft addition. Doing the addi...