Hi - Wondering what can do now. I just sold/closed on my house on Thursday (7/2/2020), so the deal is final. This morning, I was looking at my mortgage payoff and while looking at things in more detail, I noticed th...
I have an LLC for flipping houses. I also have a lender/tax partner. My question is, how do I pay him And make sure that I’m not liable for the tax bill on his profits. I’ve been reading about 1099s and K1s, but he’s ...
Hi guys,I'm trying to pay my property tax bills (I have 11 places in Atlanta) with a credit card has anyone been able to do this without incurring the extra 2.5% charge in some counties?I'm trying to increase my spend...
I have a personal credit card through the airlines that generates points. If I travel for business purposes can I use that card and it still be deductible? Would I just have to transfer funds in the same amount from m...
Investment Info:
Large multi-family (5+ units) buy & hold investment in Allenstown.
Purchase price: $730,000
Cash invested: $182,500
9 Units total. 2 Buildings - 6 apartments and 3 apartments.
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Is there a number you guys use for monthly rent to income ratio when evaluating prospective tenants? I was told gross income should be 2.7 times monthly rent.
What's the best funding source for financing the conversation of 11,000 sqft warehouse into apartment units in Hickory, NC? Do you know of any federal or state grants or Gov't backed loans?
The CARES Act was effective in 2020, however a lot of the tax laws and rules that were passed are still able to be utilized for your 2021 taxes. Here are some of the key changes that occurred as a result of the CARES ...
Hi All,
I have a question regarding subdividing land. I`m looking at a property in NJ and its on close to 10 acres of basically un usable excess land. The house and driveway/garden etc needs about an acre at most(Hou...
Hello BP Family,My wife and I have decided to take our look out of state for multi family investment opportunities for cash flow. (Here in California is fat outside of our price range).Our search has brought us into t...