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I flipped property in 2017. We had two partners and used our personal name when buying. At time of buying, we did not have LLC setup.later on we have LLC and LLC taxes are taken care by CPA.How do we report sale of pr...
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Being a sole member LLC, what is the best way to pay yourself and not be in legal or tax trouble? All of my properties I buy are under my LLC.
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Quick question... I just got my free credit report for the year. I have a question regarding revolving loans. I only use about 3-4 of these cards, should I close the cards I don't use or would it hurt my credit score?...
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I am starting my journey as a landlord and have read that it is a good practice to have a separate bank accounts for each rental property to make accounting easy. Any recommendations on which bank i should open an acc...
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what's up with the house prices in oregon for God's sake? multiple offers on every house and even thousands more than asking price! how are some of these homes even getting past appraisal! where is the justice and reg...
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I understand there are a variety of forums, many of which can address my situation to a certain extent, however, I thought it would make sense to lay out the exact context of my situation.I am getting ready to purchas...
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Hi BP,
I've got another question as a fairly new owner. I have one property where the following happened last month.
In round numbers:
Rent: $1000
Tenant paid in two payments: $600, and $405 - $5 extra.
...
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In 1998 Florida VA foreclosures were great deals. I purchased several with the help of an Investment Buyer's Agent, who had instructions not to send information on anything that was in a flood zone. One was a very nic...
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I just listened to the podcast with Hal Elrod, The Miracle Morning. Thought it was great so bought the audio book. I am looking for an accountability partner who would like to start the miracle morning 30 day challe...
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I've received an appraisal back of my property which does not account for livable square footage of my ADU. The main building's square footage is ~1900 and the ADU is ~400 for a total of ~2300, but the appraiser is u...