Luis Montanez
In a "subject to agreement" who keeps the rights to claim tax deductions?
In the ideal circumstance the title of all your properties will be under a corporation and all transactions and deductions under the corporation so any profits or loss will flow to your personal incom. However, since...
Terrance Clark
Joint venture
I am curious on how joint ventures work when doing investing with contractors. I have heard to stay away from the idea but however a contractor we have been doing business with keeps asking to do a joint project. In t...
Eric Caraboolad
Property Management Recommendations
Hi Everyone,First post on BP, but long time follower! Hoping the Cleveland community has recommendations on Property Management companies in the greater Cleveland area. Mainly looking at investing in some of the pot...
Stephen Sawrie
the "real estate professional" and grouping elections
As always, my apologies for overly basic/simple questions, although I am not sure this one would qualify for either. My apologies also for the length of this post, typos, etc. Anyway, here goes…I am trying to establ...
Bill Newport
Paying Contractors
Hello All,
I am starting to get bids from contractors on my first flip and wanted to get some advice on how to pay contractors. I know some people do it in quarters, some in the scope of work with a timeline...
Nathan Smith
Suggestions on Partnership split with contractor on fix/flips
I have a contractor that would like to partner with me on a few flips. I would be the money guy and he would handle all the renovations (manage subs, etc)
What would be a good split?
Sudhi Avula
claiming Bonus depreciation
I am buying a Short term rental this year but will be using a property management company only for this year, which prohibits me from claiming bonus depreciation.
If I manage the property on my own next year (2025),...
Sandra Hollgarth
If you are too pay contractor and he says check goes in his bank
Hello my name is Sandra , my mortgage has a check to rehab my home I am told to pay contractor checks come in both owner and contractor name both have to sign check. Contractor says check goes in his bank if that is s...
Joe Kulbacki
First Fix and Flip Deal
Greetings. I'm in the process of investing in my first fix and flip and I'd appreciate some experienced minds' advice. I'd be doing the project with a contractor who has said he's done this before, but has no work goi...
Jeff Shu
Is landlord responsilbe to keep commond ground clean?
Hello Everyone, I have a rental property (single fmaily home) in Santa Barbara County, CA.
I have a property management company help me to manage the rental property.
My tenant reported that a cat defecating on th...