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I have read confilicting arguments on what is the best way to double close. And either of them sound smooth. These are the 2 ways that I am aware of tell me if there is another better way?
In both situations is it be...
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I am considering starting a s corperation to own my LLC's that I keep my rental properties in. From what I understand I could pay my self a small management salary of something like $6000-6500 per year, and receive th...
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I just want to know if someone can explain to me the importance of creating the LLC so that I can fully understand the concept. For example, why can’t a wholesaler or houseflipper get paid without the LLC? And what is...
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Hey BP folks!My wife and I are brand new at this. We were laser-focused on executing lease options in the "pretty houses" business in the Maryland-close-to-DC region, mostly because wholesaling just doesn't seem as ap...
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Hi,I am a new REI in Columbus Ohio. I am in the process of reading Managing Rentals by Brandon Turner. How do you guys come up with your lease to present to tenants? Do you use an attorney or purchase from online leg...
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Using a tiny house as an extra bedroom- no bathroom no kitchen- Good idea or bad idea? It's the size of a shed, or average bedroom. I'm renting these out as an affordable housing solution. I've designed ones that a...
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All:I'm trying to decide find the right CPA firm? I'm a newbie, about to buy a MFH (which I already have an attorney for) but would like to set-up a legal entity, do my tax returns, and build a long-term relationship...
I have been dabbling in the tiny house market for the last couple years and have had great success with it. I currently have five that I rent out, but I get constant requests to purchase them. They rent well, and ha...
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I'm hoping that someone can help me figure out a tax question related to capital gains. This is really a two questions.
I've been reading about the exemption from capital gains if you occupy a primary residence for ...
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I will be meeting with a Realtor tomorrow to discuss my investing goals. I have read that Realtors are an important member of the "Dream Team". I am just starting off and need the help of a Realtor to help me find ca...