Scott Hraska
Owner occupied rental question -What if the account has no money?
All,In the next few weeks I'll be closing on a 4-family house, and my 1st owner occupied rental property. I read the forums and a few books and understand that keeping business and personal finances seperate is key. I...
Lloyd Segal
Economic Update (Monday, March 15, 2021)
Economic Update
(Monday, March 15, 2021)
Almost exactly one year ago, March 11, 2020, the World Health Organization declared a “Pandemic” for the first time in a hundred years. Look at all that has happened in th...
Ryan H.
Single Member LLC: Self Charged Interest to Reduce SE Tax?
Questions: (1) May the owner of a single member LLC loan money to the company and charge the company interest for the loan? (2) If so, is the interest paid by the company a deductible expense to the company reporte...
Account Closed
So Now I'm Official... How to Track (LLC)
Hi all! I have an LLC set up for my business and am planning on tracking all of my revenue and expenses in excel (categorized/dated/noted). I plan on setting up another tab to keep track of when "out of the ordinary" ...
Vaviana Elizabeth
Newbie buying house next door - with IRS lien
Hi folks, I’m a total newbie so please be gentle. We’re trying to buy the house next door. Owners haven’t paid mortgage in 4 years. We’re under contract with them for an all cash deal but they keep missing closing dat...
Barry Hinds
Help understanding hard money
I’ve heard that hard money lenders won’t loan on 100% of the purchase price. But I’ve also seen some posts and have heard on podcasts where the borrower was able to purchase properties using hard money without using ...
Bienes Raices
Is it okay to use my personal cell phone for LLC business?
This might sound like a strange question, but I plan to use my personal cell phone to take applicant phone calls for the LLC (which I currently do for properties that I own in my name). The bill is in my own name, of ...
Rashad Colton
found a potential property- need help
so i've found a potential first rental property price is 59k in ga. Price: $59000 Estimated Fair Market Rent: $900 Estimated Annual Property Taxes/Fees: $1250 Estimated Annual Property I...
Coco Poyet
Seller holding funds in escrow for repairs or lowering price?
Hi BP community! My husband and I are in the process of buying our first property, a residential 4bd, 1 ba house in the Catskills in NY. The 2,500 sqft house was purchased 2 years ago as a foreclosure for $140K and fl...
Kenneth Coleman
Should i rent to Section 8 or not?
Is it better to rent to someone with a section 8 voucher or rent to someone without one? Rent would be the same for both.