Dan Sturge
To Cash Out or Not to Cash Out?
I’ve purchased and remodeled a small single family for a total of $50k that now rents for $875. Monthly carrying costs are $160 for property manager, taxes, and insurance.Should I just relax and take my time or take ...
Mohamed Nagoor
Year End Accounting Question for Flipping Business
Hello BP Team,I'm in the process of selling my 1st flip via my LLC. I do maintain records and receipts of all of my investment activity for this flip via excel. Trying to understand the Accounting/Book Keeping work n...
Ramiro Rodriguez
Best way to transfer a property between family members?
What is the best way to transfer a property? My father owns a rental Free and Clear, He is okay with gifting it to me since i manage the rental and the deal with the entire process of keeping up the maintenance ect. E...
Noe Chaparro
Wanting to buy the commercial building that my dental practice is in
I have the opportunity to buy the commercial real estate that my dental practice resides in. Its a 4400 sqft standalone building that was build in 2016, the seller is asking 900k for it. I really want to buy it but ...
Nicholas Blake
How can you assume commercial mortgage??
Hello there everyone!I have an opportunity to assume a mortgage, when i buy the company that im looking at! The current owner has just turned 73, has battled cancer and doesnt want the bank to take it back!! And he wa...
Audrey Koerber
LLC or LP when investing in USA?
Should a Canadian use an LLC or LP as an business entity when investing in PA, USA?
Gabriel Craft
Passive investing: Multifamily vs REIT
If you had $25,000 - $100,000 to invest passively would you rather buy shares in a REIT or put money into a syndication as a limited partner (LP)? Pretend you are a busy professional with $200-400k income (like a mid-...
Account Closed
Becoming Self Employed, Cash Out 401k?
We've read many hours on BP throughout the last couple of years! SO much knowledge & great advise!I'm hoping someone can make sure we're on the right track...My hubs & I have been part time flipping for a few ...
Matt Z.
LLC/Business to Manage my Rental Unit(s)
(No replies in the Landlord/Tenant forum. Trying here instead.)Hi BP Community,Have a question regarding creating an LLC (or other form of business) to "manage" my rental unit (currently just one, may be 2 in the near...
Colby Mulry
Investing with someone for tax benefits?
Right now I am the sole owner of an LLC that I just formed and I am going to transfer my first properties deed into it.
For my second property, I have a partner who wants to go in 50/50 to help with his taxes at the...