currently weighing my options on how i want my LLC to be taxed.Business activities will be receiving royalty income from my buy n hold properties..s-corp or partnership????? is the million dollar questionsand i want t...
Hello all,
I am researching properties to buy as a vacation rental in Costa Rica (Uvita preferably) and I have read from many saying that financing rates are very high. What is the best option to pursue financing i...
hello to everyone, My name is Gary Faber and I own a company called NurtureSource Designs. For five years we have been helping homeowners prepare and present their homes for sale. We renovate, stage, photograph and...
My wife and I own a home that we could easily rent out and we have our eye on a bigger home with more acreage. In order to get pre-approved for a second mortgage, what information will the lender be looking for? Wou...
Let's assume the following scenario. I found a fourplex, ran the numbers, everything looks solid with >15% CoC return. I have a credit score of 650, have credit card debt and no savings. What are my options, if any...
Hey BP Community!!! I hope you all are having a wonderful day, so I've been having this internal battle with myself for a little while now. I am 22 years old, I have a 9-5 job, and am able to save an extra 1,000 a mon...
Hi all,I recently sent a letter to our tenants based on advice from this forum. I spent a few hours curating a list of resources for tenants to leverage in times of financial distress with a focus on the current COVID...
Hey BP community, I've gotten extremely lucky over the past year or two in the crypto space and am looking to diversify my portfolio into more "real" assets. Purchasing real estate (likely for rentals) is the market t...
An idea Ive been toying with for a while is giving financial books to my tenants. Specifically the Richest Man in Babylon and The Total Money Makeover. I realize you can lead a horse to water, but my theory is that ...
At what point in your RE Investing journey did you hire a CPA to do your taxes? At one rental? At ten rentals? After creating a business? Trying to determine how much longer I should do my own taxes. Thanks!