Erik Perotti
Negative (Fully Loaded) Cash Flow BRRRR or Flip?
Hi -Newbie question. A favor, please. If you are using #s to explain something, please pull from the #s below.I am in the process of buying my first long-distance property. First the #s:$150k purchase price$50k repair...
Soh Tanaka
Selling/Buying a House Under LLC Using 1031
Hello All,I am considering selling a property that is owned by LLC (IL LLC), and buy another one in another state. The problem is, I don't want that particular LLC to buy a property in another state. But my understand...
Kelly Cruz
QuickBooks: Which is best to track flips? CLASS or CUSTOMER:JOB
I’ve seen QB pros mention tracking flips by either Class or Customer:Job? Is there a consensus as to which is the best way? What are the pros and cons of either method? Thanks for any input!
Kevin Galus
Security Deposits
How do you handle security deposits? I know that they are placed in a seperate account, but I am wondering how to account for non-refundable pet fees? Can I treat this as income and move it to my day-to-day checking...
Elliot Smith
Who has been a key asset for your team in Vancouver WA
Who have you had good experience with in the Vancouver WA area.Real Estate AttorneyContractor CPA Escrowany feed back would be greatly appreciated.Elliot Smith
Iryna Zhuk
Tax implications of transferring from C corp to a personal name?
Hello, looking for some advise. I purchased a Miami condo in my name, then transferred it to a C corp last year (I am the owner). Now looking to transfer back to my personal name. Any tax implications? Is it better to...
Wendell De Guzman
How To Sell a Million Dollar Home in a Weekend
People have asked me for an update regarding the million dollar home I tried to sell during last weekend. Well, instead of giving you just a boring update...I want to share with you what I've learned. My hope is yo...
Account Closed
YouTube Channel LLC - Amazon Affiliate - Some Unique Questions..
Hi All! Once again I turn to the gurus @ bigger pockets for aid!I've recently created an LLC for my side business. While the business does sell physical items from time to time the majority of the revenue is from Amaz...
Josh Loayza
Best way to getting REO properties
Hey everyone so I’m trying to find the best way to acquire REO properties without having to go through auctions or online bidding wars. Is it possible to do so? Any recommendations on this? This aggressive buyer need...
Joseph Shapiro
To sell or not to sell - that is the question
Hey gang!I have an apartment building in the northeast. Bought it 5 years ago. Currently, cashflow is shit - $1,500/month but if I increase rents to the current market (probably a 2 - 3 year process) I can likely ca...