Me and my partner set up an LLC in CA (taxed as a partnership) in 2019. We are the only individuals in the company and performed over 1000hrs each this year and will continually maintain those hours developing our lar...
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Is there a such thing as good debt?If I have to categorize debt, I would say the debt I am paying for, it's bad debt. A debt someone else is paying for, it's good debt.Which means, if I have a mortgage on my house and...
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Hi group, I want to wholesale a deal in Maryland, I am not a realtor and I haven't formed an LLC (I am going to form soon but it takes 7-10 business days in Maryland in LegalZoom), My question is how to transfer t...
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So we all know we should be separating money out for things like Vacancy/Maintenance/CapX/PM but I've never heard anyone discuss what system they use for monitoring their funds.What do you do?? Seperate bank accounts?...
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Where should I start when looking to buy out of state? I live in Northwest Washington and am looking to buy in North Carolina where prices are much closer to my price range. My husband and I have a trip planned for th...
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Hello BP Friends,Just wondering which one is more advantageous to me as a buyer, the Seller Financing or Lease with an Option to Buy, seller is willing to do either one. Thanks in advance!
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The Scranton/Wilkes-Barre area housing prices seems to be really low for multi-families that still have solid rents. Example: 90K asking price for 6/2 (with minimal rehab needed) while average rents are $700-850 for 3...
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So i am hearing from a CPA that because my wife and I make over 150k per year, that I cant really take advantage of tax losses from my rental property. I can carry them forward, but it doesn't reduce my actual gross i...
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I have a macro level of what each skill does but should I have an accountant and a bookkeeper on my team or if I hire an accountant will they come with a bookkeeper.Which one or both should I look to hire?
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For a new investor interested in cash-flow and appreciation only after 10-20 years (dont care so much about fluctuation before). For an investor who plans to hold everything, what should they do to protect against pot...