Account Closed
Serious Flippers, What COMPLETE software system do u use and y?
Hello all, We have been using many different programs to manage our New Jersey rehab businesses. It really is a piece meal of systems to which we collect a ton of data and then merge it together ourselves. We are seek...
Nathan Goff
Rental Arbitrage in Alexandria - Cost Estimation
Team,
I'm getting very interested in the rental arbitrage model as it seems to generate huge amounts of cash flow. I'm looking for the most accurate way to estimate my expenses.
How much can I expect for a cleaning ...
Robert Siverd
Buying a building for small business
I posted this in the "off topic" section and got no replies:This is a situation that is not typically seen on BP. I am a partner in a small business. We have three locations currently and we rent all three spaces. W...
Luis Guerra
The 25% property management fee was killing my STR profits
Hello everyone,I've been managing my short-term rental (STR) in the Orlando area for a few years now. Initially, I handed over the management of my property to a company, giving up 25% of my earnings for them to handl...
Joshua Dees
Are website subscriptions Tax Deductible?
Hello,My wife and I use skip tracing websites like BeenVerified and Spokeo to Skip Trace some of our leads, like returned mail. Is this a cost that I put under Business Cost at Tax Time, and Can I put those subscripti...
Craig Lessler
Airbnb - Active or Passive - Deductibility of Losses Schedule C
I have a long term rental (SFR) which I converted to an Airbnb in October 2019. My property manager is acting as the host and we have already had multiple bookings.
Questions:
1. Is the Airbnb considered "Active" ...
Cody Skidmore
NEED ADVICE ABOUT AN LLC
Ive spent the last 2 years gaining as much knowledge as possible about Real Estate. Ive worked as a Mortgage Loan Officer for a few years, an Insurance Agent for quite sometime, I also have about 15 years of construct...
Patrick Nuciforo
Refinance/Cash Out - Did I mess up?
I turned my primary residence into a rental property. Did everything right by getting the correct insurance into my business name and changing the title into the business name (cost over $2,000 to the State of Florida...
Yavuz Tokdemir
Starting our own GC for rehab clients
We are an experienced wholesaler team currently located in Mountain View, CA and we usually work with investors/flippers that are looking for off-market deals at discount. We have realized that GC fees are way higher ...
Jeff B.
Detroit City on Dateline April 18
Just happened to watch Dateline Sunday night and they did a great piece on Detroit. A recap Detroit economy is going through some of its toughest times. There are rows of vacant, damaged houses with nearly vacant ne...