Andy Wilson
Paying kids for painting
Hi BP,How can I prove that I am paying my kids for painting work for my rental properties? I think it will help to write off for tax. Right? But not sure how without official invoices.
Kevin Reinell
Flip/BRRRR Carrying Costs Strategy
I have a partner that I am taking down a STR with and we are planning to use hard money to fund purchase + rehab, exit out through a refinance most likely. My question is how do flippers or others experienced with BRR...
Andrew Walker
Starting Out Flipping Houses
Hi All,So I currently have a full-time job in the IT field, but looking to do a few flip-houses a year as an investment strategy plus to make a few dollars on the side. Only downside i have right now: I am 23, have st...
Sheryl Griffin
Business checking account
So what is the correct terminology when opening a business checking account when asked what I do? When I answered "Real Estate Investments", it raised a red flag, and it goes to the Legal Dept. for review. I never h...
Charles Royale
Is it really better to incorporate in Nevada?
I hear mixed things about incorporating your business in Nevada instead of your home State. Everything from lower tax burden to reduced oversight.I've also read things about you not actually saving on taxes because of...
Bienes Raices
Holding Company LLC -- is this overkill?
My lawyer has mentioned a setup where a holding company LLC leases the property to a management company LLC. There would probably need to be multiple holding companies--propably one per property, but only one manageme...
Mike Lee
Naming a LLC before buying properties
A friend of mine and potential business partner is interested in going 50/50 on a first property this summer (likely a SFR that would be a buy and hold/rental). We are both complete newbies to this space, and while I ...
Leanne Shum
Financing Multiple Properties in Canada
Hi all,I posted something similar in the general financing section but some fellow members suggested I posted in the Canadian section for more specific answers as I am Canadian.I am very new to real estate but am very...
Kevin Lovill
Hello from Charlotte, NC (advise needed)
Hello, Biggerpocket members I live in Charlotte, North Carolina. Looking for some advise in the real estate market. I'm somewhat new to the business and hoping you guy's may have some tips for the newbie. I placed ap...
Eliana Fanick
Best Way to Start???
I’m completely new to real estate and would like to know others opinions on the best way to start investing/ how they started investing. I’d like to get a clearer focus on what I should be studying/ looking into. Also...