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Hello! My name is Melinda and I joined BP earlier this week. I've listened to a few podasts, read forums and started collection book titles. I've found multiple REI groups that are sure to be positive. There is an...
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Brandon Turner and DealMachine recommend sending direct mail to driving for dollars. Michael Quarles and Rick Ginn recommend sending direct mail to probates.
Which is better?
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Tax season may be a few months away still, but what should you expect if you're a first-time limited partner?
What to Expect: Equity Investors
As an equity investor, you will receive a K-1 from your op...
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For the past 4 years I have been investing in Commericial Real Estate and Land in Los Angeles, California. I did do one tax return in 2012 using turbo tax but I never bothered after because I was making more expenses/...
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I’m looking in multiple states to buy “flip & hold” . I want to buy under an LLC but have come to realize they are state specific. How would I go about setting up an LLC so I can search and buy properties in sever...
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Does it make sense to have multiple homes under one limited Liability corp. or do you need to have more than one LLC to hold the homes? What are the risks if you just have one LLC hold all the houses? I hold three LL...
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Hi everyone. I own rental properties in Philadelphia, PA. I've already had tenants contact me telling me that they've lost their jobs and can't pay. I advised them to file for unemployment and resume payments ASAP. H...
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Hi all, just have a simple question today. Does anyone know if investing in real estate out of state complicate taxes? If so how so? I assume I'd have to start collecting some sort of data and filing state tax for ea...
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I recently posted a listing for a unit in my 2-family which has had a lot of traction. An overwhelming amount of inquiries flooded through my inbox in the passed week. I tried to narrow it down to only a handful of pe...
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Hey BP Community,
I’m curious about how much other real estate investors are paying for their tax preparation services and accounting. Specifically:
1. Tax Prep Costs: What are you typically paying for tax pr...