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Hi BP!I am a partner in a multi-member LLC, taxed as a partnership. Since I'm actively managing, I pay myself a management fee and 1099 myself at the end of the year. I like to show the income to season my tax returns...
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I am just starting my venture into real estate and I am currently thinking about where I want my plan to lead me to.I want to start with triplexes and fourplexes, but eventually I want to start buying 40+ unit propert...
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The standard for raising rent varies depending on local laws, regulations, and rental agreements. However, there are some general guidelines and considerations that landlords typically follow:Check local laws: Diffe...
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hi all, I'm a newbie investor based out of state. I recently lived in philly for a couple of months and loved my time there and hence decided to invest in the real estate there. This is my first real estate purchase s...
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Hello Everyone, What are some of the things that you do to protect your out of state rental property in initial days after purchase ? Would love to learn from y'll.
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I have multiple flips going, all under one LLC taxed as an S-Corp, and have the accounting structured as follows:- One Quickbooks file and one bank account for each property. I could use one file and one bank accoun...
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Hi.
I am thinking to start investing in Buy/Hold rental properties with a mind to generate modest cash flow. In addition to being new to RE, I live and work in Asia so I will have to rely heavily on a proper...
Hello,If the numbers work out well is it a good idea to invest in an elderly care home? Apparently there will be two pieces to this form of investment,the tangible real estate property and taking over business ownersh...
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hello all,Being proactive, I am wondering about what we actually need when creating LLC to hold properties. Whenever I go on many LLC forming website, they offer many things like operating agreement, seals, etc.Questi...
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Hello fellow investors,I need some professional insight. We have several dozen rental properties, flip a few houses per year and are just getting ready to add a new venture with a few short term Airbnb's. I've had and...