Rachan M.
Should I setup a LLC?
Recognizing that it won't count as legal or professional advice, can you guys share your thoughts about whether or not to setup a LLC?I'm just starting out, and I plan to buy 1 rental property (both short and long ter...
Michael Marston
2 deals at once for newbie
I have the opportunity to purchase 2 MHPs about an hour away from each other from 2 different sellers. I have been in the real estate industry for 25 years (property mgmt side) and have owned rental homes but these wo...
Paul Brown
Advice needed for negotiating terms when buying
Hi Everyone,I'm in process of negotiating my first residential single family home deal. As a newbie I have been trying to consume as much info as possible. I have heard frequently that sometimes sellers get stuck on a...
Morgan D'Cruz
What does a Broker need to do to hire a salesperson?
Hi BP community,My fiance is a licensed broker and I just passed my salesperson exam last week. We are planning on having him hire me/ hang my license so that I can began working on submitting offers for our personal ...
Claudia Becerra
Advertising for rent during renovations for tax deduction purpose
I once read an article here recommending to advertise your property for rent prior/during renovation in order to be able to deduct those expenses during that same tax year. I cannot find it. Can someone please refresh...
Collin S.
Jax Area CPA for Airbnb
Can anyone recommend a local CPA that has experience with short term rentals/Airbnb? Thanks!
Shannon Wright
S Corp or LLC ?
So, I am going to be starting an entity to initial handle Network Consulting Fees, etc and build out to property holding in a couple years. In the meantime, I need to keep the funds out of my personal bank account, et...
Ari Yenjai
Registered my LLC in OK...can I use it to buy fix and flip in TX?
Hello BP!
I have my LLC registered in Oklahoma as this was the first plan I was going to do fix and flip there. However, I moved to Dallas and was wondering if I need to set up a new LLC to be registered in T...
Sunny D.
C corp for CA resident flipping in IL
FolksI have 3 flips in progress in the IL area. I am a resident of CA. I was suggested to set up a C corp by my realtor. Wanted to get some advice on how to do it.Do I need to incorporate it in IL or in CA. Any sugges...
George P.
Tax lien --> Foreclosure --> 1031 ?
Good day y'allHere is the scenario.....I bought a tax lien in 2011, almost three years later I have obtained the judgement on the property and eventually the deed will be recorded into my name. Q: Can I sell this prop...