Luis Baumeier
My tax advisor says I am defining my business wrongly.
I called my tax advisor to ask how to use my business credit card. She is my wife's aunt and is not a CPA, but has being preparing taxes for the whole family for years and for other people, including some LLCs. I was...
Jessica Hughes
Vacant property in Texas, want to purchase tax lein
So the other day I was driving around while my son was napping, and happened on a really jacked up vacant property, all boarded up and overgrown, in a fairly nice neighborhood in Collin County Texas. Lot is fantastic,...
Mathew Pezon
Painful First Flip Turned Flop. Any Advice??
Dear BP Community,
It all looked so good on paper, and then when the project started things did not go according to plan...
I'm dealing with a painful first flip that I still haven't sold yet but purchased in Octob...
William Morales
How I think finding boots on the ground is not that easy.
Hello BP.
The reason I said that in the title is I really think it's been tougher than I thought, I live in NYC and have a full time job, I'm looking to invest outside my hometown, In Orlando I have a brother there,...
Taylor Hall
Inherited a MHC/looking for advice
I recently inherited a MHC from a passing family member. It sits on 60 acres of land with 48 pads approved for the MHC. 17 of the pads have Private water, electric, and septic. The remaining 31 pads just have water an...
Paul A.
Smoke Alarms- Who is responsible?
Simple question, who is responsible for the upkeep of the batteries of smoke alarms? Tenants, or property manager? And to what degree?If I hear a tenant's smoke alarm low battery beeping, and give them the batteries f...
Patrick Bunn
Using Retirement Accounts for REI
I just read The Book on Tax Strategies for the Savvy Real Estate Investor. It is a great book. And based on something I read in there I asked myself “how can I use my 401k to invest in real estate?”Setup:Toward the en...
Ryan Tagliamonte
First Question on LLC Formation
Hi all! Posting for my first time on this platform and I'm excited to hear from/interact with whomever may read and respond. I'm writing because I feel I'm at a bit of an impasse as to what exactly to do when attempti...
Clint G.
LLC or umbrella policy to protect first property?
Debating on creating an LLC for protection and tax benefits. I've been told the LLC set up as a sole proprietorship (what I'm planning) won't give me any more tax benefits than owning a property and carrying a heavy u...
Joshua Israel
What have NYS investors done to counter the new tenancy laws?
What have NYS Landlords done to counter the new tenancy laws?